Wrap table comments will be included in the Monday post, however note that coal is waking up and finally smelling the natural gas rally. With the natural gas strip hovering just under $4 look for more stories regarding lost gas-fired generation share in coming weeks however at this point this should not significantly alter the flatter slope of the injection line theory as we approach the end of he season nor the coming steeper slope of the withdrawal profile as we move into colder weather. The rally in coal prices will help with this and we'll have some heat rate comments in a post in the not too distant future.
Energy Earnings Week 2. Next week look for a lot more on the earnings front than is typical for the second week of energy earnings of the quarter, including a number of ZLT names, and the full calendar with brief comments on the names we care about will be in the Monday post.
Also in the Monday post please look for The Week That Was with summary comments on oil and product inventories (record low distillate inventories for this time of year) and natural gas storage, changes in our holdings, and comments on the HAL, MMR (Davy Jones flow test between Halloween and Thanksgiving (likely closer to Turkey Day)), SLB, and NE quarters as well as summaries on post items this week including Friday's comments on HK.
Speaking of Halcon, here's a link to that piece from yesterday on Seeking Alpha in case you need more reading over the weekend.
The ZEB Positions tables will be updated before the open on Monday and the ZLT Blotter is current.
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Thanks for reading and have a great weekend.
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