Market Sentiment Watch: Market dullness = redness on no economic data or data light days … not surprising, especially for summer. Strength in crude is a bit more surprising though, helped higher by a weak-ish dollar and ongoing Mid East tensions. Otherwise, news flow out of the group remains slow. Nice show out of retail sales and jobless claims today.  In today's post please find some very basic valuation graphs for the Bakkens along with some notes on held and not held names in the play since we've had some nice moves in our biggest names in the space in recent days (Wattenbergs tomorrow). Sometimes people just like  to see high level metrics without the full data dump and so here ya go. Please also find comments on the HK deal and some other odds and ends from the weekly oil inventory review and a preview of today's natural gas inventory build. 

Ecodata Watch: 

• Jobless claims came in at 334,000 vs 350,000 expected and 346,000 last week,
• Retail sales came in at +0.6% and +0.3% ex autos vs expectations of +0.5% and +0.3% respectively,
• We get business inventories at 10 am EST (F = +0.3%, last read was 0.0%)

In Today’s Post:

1. Holdings Watch
2. Commodity Watch
3. Oil Inventory Review
4. Natural Gas Inventory Preview
5. Stuff We Care About Today –  Bakken,  HK, 
6. Odds & Ends

Please click the link right below this to Continue Reading »

Share and Enjoy

Market Sentiment Watch: Summer market doldrums have set in and while we may get a some yoyo activity in the market today's essentially eco data less session (Federal budget doesn't really count) is likely to be another snoozer. That's fine with me as the market could use a little sideways action. We continue to read, model, and study up on our names and the our macro thoughts and are at present fairly content with the contents of and weightings in the ZLT (they are we are planning to slowly inch up our gas exposure). News flow out of our groups remains tepid. In today's post please find the oil inventory preview and additional notes on SYRG and some other odds and ends. 

Ecodata Watch:

• We get the Federal budget at 2 pm EST (last month = -$125 B)

In Today’s Post:

1. Holdings Watch
2. Commodity Watch
3. Oil Inventory Preview
4. Stuff We Care About Today – SYRG roadshow notes, FSLR
5. Odds & Ends

Please click the link right below this to

Continue Reading »

Share and Enjoy

Market Sentiment Watch: Weak open on tap at least in part due to Bank of Japan failure to increase easy? Headlines noting that Fed taper fears are re-entering the market. Japan didn't move because things are starting to pick up there. People need to get out of the stimulus Cool-aid mindset. Yawn. Over in the land onf things that matter, energy land news flow remains subdued though high yield deals are showing few signs of difficulty in pricing and more equity deals are being proposed at least weekly.  In today's post please find detailed wrap up comments and an updated table on the TPLM quarter, some thoughts on SYRG as they kick of their deal roadshow and some other odds and ends including notes from the latest OPEC monthly where at least the big pieces (global demand, global supply) look very much like last month's report (and the month before that, etc). We'll have some comments out today on some names that presented overnight at Enercom if we see much new and we'll have live note for those names we care about speaking at IPAA Toronto today, see list at bottom of post. 

Ecodata Watch:

• The NFIB small business index came inat 94.4 (second highest level since 2008) vs a prior reading of 92.1,
• We get Wholesale Inventories at 10 am EST (no forecast, last read was +0.4%). 

In Today’s Post:

1. Holdings Watch
2. Commodity Watch
3. Stuff We Care About Today – TPLM wrap, SYRG Pro Forma
4. Odds & Ends

Click the link directly below this to …

Continue Reading »

Share and Enjoy

Market Sentiment Watch:   In energyland we look forward to a little more news flow as companies give one last thought (over the next few weeks) to operations updates they want out before waiting for the 2Q13 reporting season to begin. This week the Enercom and IPAA mini-conferences will provide glimpses into late 2Q acitivity for several of our most watched names.   In today's post please find comments on The Week That Was, TPLM's 1QFY14 earnings and comments on an HK operations update.   

Ecodata Watch:

• No economic data release scheduled

The Week Ahead:

• Tuesday 6/11: NFIB small business index, wholesale inventories, 
• Wednesday 6/12: oil inventories, federal budget, 
• Thursday 6/13: natural gas inventories, jobless claims, retail sales, import prices, business inventories,
• Friday 6/14: PPI, industrial production, capacity utilization, consumer sentiment. 

In Today’s Post:

1. Holdings Watch
2. Commodity Watch
3. The Week That Was
4. Stuff We Care About Today – TPLM, HK
5. Odds & Ends

Click the link directly below this to …  Continue Reading »

Share and Enjoy

Good week, 

Holdings Watch:

• Strong week in the group and a touch stronger in the ZLT as our larger core positions in the Williston and Wattenberg outperformed. 
• The blotter is updated,
• The weightings pie graph will be updated for the Monday post as we did make some minor shifts in gassy allocation. 

The natural gas production, imports and demand slide shows from last Monday can be seen here

The Week That Was section of the Monday post will cover the highlights of the gas macro and the rest of the highlights of last week from KOG's good sized Bakken buy and its meaning for TPLM to an IPO preview to WPX thoughts and more. 

Note the drop in speculator holdings in the CFTC section below. Interesting in light of the post OPEC dollar inspired rally in both WTI and Brent. 

… more in a bit … 

Share and Enjoy