09
Aug

Wrap – Week Ended 08/09/14

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YoYo market and group conditions remain in effect as we approach the fifth week of the 2Q14 energy earnings reporting season. Not that we care about weekly performance but last week we YoYo'd to the green side by 2.5 to 6% depending on the account with the ZLT's ranging from up 9% to up 29% YTD. The SPX is up 4.5%, the XLE is up 9.2% and the other energy indexes we track are up 10 to 12%. 

Please see Monday's post for the wrap of all the reporting company highlights in The Week That Was section. 

All questions in the comments section under the Wrap will be addressed in the Subscriber Mailbag section of the Monday Post.

The calendar for week 5 will be posted tomorrow to the calendar tab and will be included in the Monday post.

If you missed our pre conference call piece on Seeking Alpha covering BCEI's second quarter check it out here.  

If you missed last Monday's post containing several odds and ends including our Natural Gas Macro slide shows please grab a pot of coffee, block out a couple of hours of your weekend, and click here (free to public)

If you have questions about the site please send them to zman@zmansenergybrain.com

Don't forget to follow us on Twitter and Seeking Alpha. 

Have a great weekend, Z

 wrap 080814

 

19 Responses to “Wrap – Week Ended 08/09/14”

  1. 1
    brodway Says:

    One statistic i'd like to add to the indices above…..Dow is DOWN on the year about a tenth of a percent. Unemployment numbers coming in under 300k weekly now and GDP grew 4% last quarter….and there are folks claiming we are in a bubble?

  2. 2
    Stewart Says:

    Z..many thanks for the work you do day in and day out covering the names for us and answering our questions. 

    One question that struck me after the week ended was the why the trading buy/add of HK?   I understand operationally the company is executing and the stock corrected from its highs and might even benefit from the recent TMS news out of GDP.  I own a core position there as well for those reasons.  But the stock corrected no more or less than other names that appear relatively cheaper that are also executing such as PVA, REXX, CPE, OAS, SWN.  I guess I thought you would add a new name or add to one of the "cheaper" names.  Thanks.

    I also want to re-ask a question that I raised yesterday about the "big picture" for the sand suppliers like HCLP.SLCA, EMES vs the ceramic prop company CRR.  Being long sand and short ceramic has paid well and I'm wondering if the trade continues to make sense and whether you think the use of ceramic prop still has value ?  I believe AR mentioned they were using ceramic in some new wells while ROSE is discontinuing use altogether.  Is that market growing or shrinking?  Any insight you could provide would be helpful. 

    Enjoy the weekend.

  3. 3
    brodway Says:

    re: 2

    over 30% drop from recent high on great TMS vibe coming from others in the region. but on its own merits, last quarter proved that Floyd has his mind on making money and not financing the heck out of the company.  big short position to boot. 

  4. 4
    brodway Says:

    link didn't attach to last post

    http://www.marketwatch.com/story/halcon-provides-tuscaloosa-marine-shale-tms-operational-update-and-announces-tms-development-partnership-2014-06-09

  5. 5
    r09traveler Says:

    also re 2 – it seemed that while many of our stocks were down on "bad news" (however small or trivial) there wasn't even that much of a flimsy excuse for HK to be down (other than general sympathy with the market and sector) – except for maybe some general unease (at the time) about the TMS (even though the TMS is still a relatively minor component of what makes HK tick).  Therefore, without a real "reason" for it specifically to be down, HK has as decent a chance as any to make a strong comeback.  (Versus REXX, for example, which is executing well, growing, and cheap, will also be challenged by low local prices for a while.) 

  6. 6
    zman Says:

    This week's earnings calendar has been added to the calendar tab. Only 7 owned names reporting. 

    http://zmansenergybrain.com/subscriber-data/calendar/

  7. 7
    zman Says:

    re 2 – thanks, will address in subscriber mailbag in Monday post. 

  8. 8
    zman Says:

    Test

  9. 9
    skimo Says:

    http://finance.yahoo.com/news/kinder-morgan-inc-purchase-kmp-210000061.html

    Interesting turn of events

     

  10. 10
    zman Says:

    test 2

  11. 11
    Mark Wetzler Says:

    I guess Kevin Kaiser is looking more like a fool than usual on the Kinder news.

  12. 12
    Zorgnak Says:

    Nat Gas Futures From last week….trading at 3.99 in the overnight session at the moment. Defined near resistance at the 4.08 CLVN. Far resistance at 4.30 CLVN

    http://www.charthub.com/charts/2014/08/10/ng

  13. 13
    Zorgnak Says:

    Crude Oil Futures….Trading in congestion at the lower end of the year long value area (70% of all volume distribution) from 95.50-105. CLVN Support at 95.50. Far resistance at 104

    http://www.charthub.com/charts/2014/08/10/cl

  14. 14
    zman Says:

    In case you missed the BCEI note:

    http://seekingalpha.com/article/2401015-bonanza-creek-greater-wattenberg-play-keeps-getting-better-q2-14-pre-call-note

     

  15. 15
    Zorgnak Says:

    FCG  Nat Gas Stock ETF….Over sold at at long term support. Minor resistance at 20.87 CLVN and then room to move quickly to 21.57 on a bounce..

    http://www.charthub.com/charts/2014/08/10/fcg

    XOP Methodically trading between well defined support and reistance levels. 

    http://www.charthub.com/charts/2014/08/10/xop

  16. 16
    Zorgnak Says:

    I'l post the defined support and resistance levels for all (most all) ZLT stocks Monday AM

  17. 17
    zman Says:

    re 16 – thanks

  18. 18
    Dillon Says:

    Z – when you get a chance, do you know what PVA is referring to in their press release on earnings when they talk about the avg IP rate for the quarter excluding shallow wells?

  19. 19
    zman Says:

    The Monday post is up:

    http://zmansenergybrain.com/2014/08/11/monday-morning-61/

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