20
Aug

Wrap – Week Ended 08/19/16

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The ZLT ended the week up 4% and is up 38.5% year to date. 

The XOP ended the week up 5% and is 24.9% year to date. 

The Blotter is updated.

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wrap 081916

6 Responses to “Wrap – Week Ended 08/19/16”

  1. 1
    Baylor Says:

    Z – could you share your thoughts on CRK?

    I had asked about them 15 months ago or so.  They've yo yo'd a bit over the last 12 months going from $6 / share to about $26 down to $3 and change and then to friday's closing of $6.15

    They have $60+M in cash and $1.1B in debt.  Obviously wouldn't be on your short list, but they seem to be hanging in there better than most with distressed balance sheets and have historically had strong leadership. 

    I'd be looking at them more as a spec play. They were a $5B company back in mid-2008 and curretly have a market cap of about $374M.

  2. 2
    Baylor Says:

    Zacks has a 2 rating on CRK which is a Buy.  8 analysts following have them as a hold.

  3. 3
    zman Says:

    Questions and comments will be addressed in the Monday post. 

  4. 4
    Baylor Says:

    sounds good.  Thanks

  5. 5
    crysball Says:

    This weekend several Interesting articles  on  the  situation   in Nigeria……………all  concluding    it  will  get  worse,   as   the  most   potent  group  (to  cause  damage  to  oil  infrastructure) is  fragmenting   into  multiple  groups,   and   no longer  has  any  central leadership with  which the  government  can  deal  with…………………not  that  the Nigerian   Gov't  has  been  very   effective   in  dealing   with    any     of the groups…………………and  paying  EXTORTION to  MEND has  only encouraged  the  formation   of   more    NEW  groups……………….intent   on  getting   in  on  ' GETTING  PAID  FOR   NOT  DOING  SOMETHING.'………………….perhaps we could  send  our  leaders  in welfare  to  Nigeria  to learn  some  new  ways  to  give   money  away.

  6. 6
    zman Says:

    re 5 – NDA apparently agreed to a cease fire this week end. 

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