15
Feb

Wrap – Week Ended 02/14/14

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wrap 021414

18 Responses to “Wrap – Week Ended 02/14/14”

  1. 1
    crysball Says:

    http://www.latimes.com/business/la-fi-occidental-split-20140215,0,7405626.story#axzz2tR1l6IUb

    Could Aubrey  be  lining  up  financing to buy  the  Midwestern  Nat Gas  fields  from  Occidnetal?  LA Times   article  suggests   Oxy  is about  to spin it  off:

     

  2. 2
    Baylor Says:

    http://news.yahoo.com/nd-pumps-record-313-5m-194645643.html

  3. 3
    choices Says:

    Canadian Pacific follows CN, will add surcharge on older oil tank cars

  4. 4
    choices Says:

    Prob a holdover of payment policies from the Aubrey regime:

    Chesapeake under fire from Pennsylvania governor over Marcellus royalties

  5. 5
    Zorgnak Says:

    Natural Gas Producers  Working on the MOA bases…..

    Daily

    http://www.charthub.com/charts/2014/02/16/nat_gas_producer_composite_index

    Weekly

    http://www.charthub.com/charts/2014/02/16/natural_gas_weekly_0

    Monthly

    http://www.charthub.com/charts/2014/02/16/nat_gas_monthly

  6. 6
    Zorgnak Says:

    Oil Producer Index

    Daily

    http://www.charthub.com/charts/2014/02/16/oil_producer_composite_index_cumulative_volume

    Weekly

    http://www.charthub.com/charts/2014/02/16/oil_producer_index_weekly_1

    Monthly

    http://www.charthub.com/charts/2014/02/16/oil_producer_monthly

  7. 7
    brodway Says:

    Zorg…

    the  weekly chart in Oil really looks quite bullish….almost set up for another move hgher…not unsimilar to the S&P index in general, which supports the notion that Oil is global and gas i local…Natgas just hasn't have the the same pronounced chart…

  8. 8
    Zorgnak Says:

    #7  It does look like oil is making a move where you'd hope if you were long..

    I like Nat Gas as well. May take a while longer but they say long bases make long rallies…

  9. 9
    Zorgnak Says:

    Refiners  Any thoughts on where the refiners are in the current intermediate cycle would be appreciated

    Daily

    http://www.charthub.com/charts/2014/02/17/refiners_index_daily

    Weekly

    http://www.charthub.com/charts/2014/02/17/refiners_weekly

    Monthly

    http://www.charthub.com/charts/2014/02/17/refiners_monthly

     

  10. 10
    zman Says:

    re 9 – will address this week. 

  11. 11
    Zorgnak Says:

    #10 thanks…still snowing out your way?

  12. 12
    Zorgnak Says:

    Point and Figure Breakouts last last week

    GPOR

    http://www.charthub.com/charts/2014/02/17/gpor

    LPI

    http://www.charthub.com/charts/2014/02/17/lpi

    KOG

    http://www.charthub.com/charts/2014/02/17/kog

  13. 13
    Zorgnak Says:

    XEC

    http://www.charthub.com/charts/2014/02/17/xec

    CXO

    http://www.charthub.com/charts/2014/02/17/cxo_1

  14. 14
    zman Says:

    re 11 – ha, no, been out with the kiddos, went from 20's to 70's in a 2 days. 

  15. 15
    brodway Says:

    re: 12

    Zorg…do you not see same dynamics in PDCE?

  16. 16
    Zorgnak Says:

    #15…PDCE  Yes and no…. …just now breaking a nasty downtrend and at the same level it broke in June 2013 before it traded sideways for a couple months..Maybe a bit extended short term after the break of the 51.21 CLVN?  I'd like to see PDCE trade sideways a bit and I expect it will, likely below the 56.68 CLVN. Note the supply on the Volume Profile Chart. 

    The other charts were not nearly as badly broken and they all have  less supply to negotiate imo.
    Compare GPOR which began to clear it's long term volume base with last week's move leaving less supply to deal with.( It also looks extended though).

    http://www.charthub.com/charts/2014/02/17/pdce

    http://www.charthub.com/charts/2014/02/17/stock_master_65_140217150554

    GPOR

    http://www.charthub.com/charts/2014/02/17/stock_master_65_140217150911

  17. 17
    Zorgnak Says:

    #15..Not interested in any of them for a trade though…Just a slow rainy day in Oregon

    Breakouts with PnF charting has worked pretty well since the upturn in 2009. Here's the performance of a simple PnF double top breakout strategy . Works great as long as the market rips higher for 5 years straight year or so..(note the buy and hold column to the far right),…..Buy the double top breakout on close. Sell on a downward break. Now if it will only rally for another 5 years….

    http://www.charthub.com/charts/2014/02/17/oil_producer_pnf_trades

  18. 18
    brodway Says:

    re: 17

    thanks for the notes….i already own both, and like the prospects of PDCE….bought a good amount of shares when stock stabilized in mid 50's and then averaged down in the 40's…..thinking its a broken stock and not a broken company….as for GPOR not sure what to make of the CEO's departure and thinking going to take a nice profit there and look for other ideas.

    was just chewing some Oregon hazelnuts earlier…yummy

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