03
Nov

Wrap – Week Ended 11/1/13

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Second week of choppy trading after the ZLT and the group hit all time highs two weeks ago. Comments on last week's slew of 3Q13 earnings reports and other items will be included as usual in The Week That Was section of the Monday post. We're slowly adding positions on an opportunistic  basis created by the exit of some hot money profit taking.  We'll be adding a new portfolio this week as well, same type of model as the ZLT C (low churn, fully invested, stock only) but since people often ask, "what are you doing with new money now?" this will give them a chance to see. 

Need to contact us about your account or site functionality?  Use zmanalpha@gmail.com. 

Thanks and Have A Great Weekend. 

wrap 110113

 

7 Responses to “Wrap – Week Ended 11/1/13”

  1. 1
    zman Says:

    The Blotter is updated

    http://zmansenergybrain.com/subscriber-data/zeb-zlt-blotter/

  2. 2
    sea bull Says:

    Z – I’m trying to put this current energy market in perspective.  Can you think of anytime in your career where the potential for returns in some E&P segments has been this good?  Also, I have noticed that you have mentioned your plan to buy companies with the intent to hold them for 2-3 years.  Are you thinking that the cumulative development of these resource plays causes oil prices to breakdown at that point?  It seems like several companies have the same model – acquire land, de-risk, and sell the company.  It would seem at some point the majority of the land in these plays is acquired and de-risked.  You think 10 years from now the potential to find companies like PVA or GST will exist? Thanks 

  3. 3
    nrgyman Says:

    SA article out highlighting the bearish arguments for lower WTI prices over the next year and going forward:

     

    http://seekingalpha.com/article/1799972-lower-wti-oil-price-ahead?source=email_portfolio&ifp=0

  4. 4
    zman Says:

    Re 2 – thanks for the questions, will address in the Monday post. 

  5. 5
    Zorgnak Says:

    S&P 500… SPY

      Market doing a pretty good job of working off overbought levels on the daily and weekly time frames with rotation into more defensive sectors. Volume pivot at 176. Exptect upside bias above that level and downside below with 173.56 CLVN as key level for current range. Expecting bulls to defend above that level. If I'm wrong and 173.56 fails to hold there is a low volume area that works to 171.22. 

    Daily  

    http://www.charthub.com/charts/2013/11/03/stock_master390_131103134722

    Weekly

    http://www.charthub.com/charts/2013/11/03/stock_master_weekly_131103140209

  6. 6
    Zorgnak Says:

    E&P Stocks  XOP ETF    

    Daily   Oversold bounce off  CLVN support and trendline at 68 after high volume selling. A break of 68 works to key suppport at 66.

    http://www.charthub.com/charts/2013/11/03/stock_master390_131103142709

    Weekly  66 is the previous breakout level and key support.

    http://www.charthub.com/charts/2013/11/03/stock_master_weekly_131103143202

  7. 7
    Zorgnak Says:

    Natural Gas Stocks  

    FCG  

    Daily  . Extended/stalled at major resistance after breakout from volume base.

    http://www.charthub.com/charts/2013/11/03/stock_master390_131103152751

    Weekly  Extended at resistance at 20.64.

    http://www.charthub.com/charts/2013/11/03/stock_master_weekly_131103152512

    Weekly  Aggregate demand volume still in up trend. Price extended at resistance.

    http://i1223.photobucket.com/albums/dd503/zorgnak/GAS113_zps2133dc76.png

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