19
Oct

Wrap – Week Ended 10/17/14

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Questions / comments under the wrap table will be addressed in the Monday Post. 

Holdings Watch:

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

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16 Responses to “Wrap – Week Ended 10/17/14”

  1. 1
    Wayne G Says:

    Rouhani Tells Iran Oil Minister to Halt Decline in Oil Prices

       Oct. 19 (Bloomberg) — Iranian President Hassan Rouhani
    told Oil Minister Bijan Namdar Zanganeh last week to use “oil
    diplomacy tool” to try to prevent further decrease in prices,
    state-run Mehr news agency reports, citing Mohammad Bagher
    Nobakht, vice president for planning & strategic supervision.
    • Zanganeh made proposals after president’s request, Nobakht says, without giving details

  2. 2
    Wayne G Says:

    Saudi Police Say Shoot-Out Caused Fire in Awwamiya Pipeline

    By Deema Almashabi
         Oct. 18 (Bloomberg) — Fire in oil pipeline near Eastern
    Province town of Awwamiya contained, official Saudi Press Agency
    reports, citing eastern province police.
    • Police patrol was heavily attacked by unidentified gunmen

  3. 3
    Wayne G Says:

    Yemenis Protest Control of Red Sea Port City by Houthi Rebels

        Oct. 19 (Bloomberg) — Thousands of Hodeidah residents
    demand today that Shiite Houthi rebels leave the port city,
    Abdulkarim al-Ayashi, a resident, says by phone.

    Does Saudi oil pipelines go through Yemen?

  4. 4
    zman Says:

    Thanks Wayne, sense is the market will pay more attention to the offshore Khafji field closure than the other items near term. 

    re 3 – no, Saudi fields are mostly in the east, mostly piped to terminals on the Persian Gulf, see map: 

    http://www.globalsecurity.org/jhtml/jframe.html#http://www.globalsecurity.org/military/world/gulf/images/map-pipelines-2010.jpg|||Saudi Arabia 2010 Pipeline Map

  5. 5
    Wayne G Says:

    thanks – I hope they do. It is a sizeable cut. I've spent my weekend driving myself nuts over the true causes and longevity of this price decline. Saudi vs. Shale seems to be the consensus concern. Who knows. I just worry about a prolonged drop (not a week or month, but a new normal for at $80 oil) – Hope I'm wrong, but sure does scare me.

    Here is a Platts Energy Video that seems to think this is different. 

    http://www.plattstv.com/video/oil-price-dive-raises-new-questions-october-19/3843191203001

    I'm going to lose my mind, ha.

  6. 6
    Wayne G Says:

    One more interesting article this weekend:

    Two rival Libyan governments claim to control oil policy

    http://uk.reuters.com/article/2014/10/17/libya-oil-idUKL6N0SC23320141017

     

  7. 7
    elduque Says:

    Time for another good reason for taking the time and money to become a permanent member of this site. Seriously it is worth every dollar you spend. 

    With the market collapsing the last few weeks, without the knowledge gained from Z's hard work, I would have panicked and kicked out all the stocks that I owned. Why didn't I? When you know what the true intrinsic value of a stock is worth, it eliminates worrying (well almost) the short term gyrations of the market. In addition, those stocks that are thought  to be over leveraged, we received valuable reports on their total exposure. Where else can you get quality research when you need it!!!!! 

     

  8. 8
    Paul in Kansas City Says:

    Wayne; I appreciate your efforts; I dont envy your job right now.  

  9. 9
    sea bull Says:

    Does anyone think that the large E&P companies that missed out on the shale boom (eg. XOM) use this downturn as an opportunity to pick up some names that have fallen so much in the last month?  That is my concern. 

  10. 10
    zman Says:

    re 9 – will address in Monday post. 

  11. 11
    Wayne G Says:

    re – 8: Ha, thanks. Definitely not fun times right now. Thats the problem with the market – it won't tell you if you're right, just when. Unfortunately, its the when part that investors care about. 

    re 9 – Always felt like XOM never liked the shale plays. Logistical nightmare for a big company like them plus hard for small wells to be together to chase capital. At the same time, sure hope they buy some of the names I own, ha

  12. 12
    Zorgnak Says:

    Bakken Charts

    http://finviz.com/screener.ashx?v=211&t=CLR,KOG,TPLM,EOX,OAS,NOG

    Permian

    http://finviz.com/screener.ashx?v=211&t=PXD,FANG,CPE,RSPP,LPI,AREX

    EFS

    http://finviz.com/screener.ashx?v=211&t=EOG,PVA,ROSE,MTDR,CRZO,SN

     

  13. 13
    Zorgnak Says:

    Wattenburg

    http://finviz.com/screener.ashx?v=211&t=NBL,BCEI,SYRG,BBG,PDCE

    Nat Gas

    http://finviz.com/screener.ashx?v=211&t=AR,CHK,COG,ECA,EQT,MRD,PVA,QEP,REXX,RICE,RRC,SWN,UPL,WPX,

  14. 14
    Zorgnak Says:

    Energy ETFs

    http://finviz.com/screener.ashx?v=211&t=XLE,XOP,OIH,KOL,FCG,TAN,UNG,USO,

  15. 15
    ButlerBaby Says:

    Thanks Wayne for sharing your thinking and news flow. 

    Re 11/9 – XTO

  16. 16
    Baylor Says:

    Anyone have any perspective on IT related careers in the E&P space?  I'm looking at a potential career change and for opportunities where profit sharing / equity are available. 

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