22
Jul

Tuesday Morning

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Market Sentiment Watch: Broad market earnings in focus. In today's post please find comments on the REXX mid year reserve report along with a cheat sheet update (big growth and lower well costs are not yet factored into the reserves), comments on the BTU quarter (in line), and a quick look at the TMS players.

Ecodata Watch:

  • We get CPI at 8:30 am EST (F = 0.3% headline and 0.2% Core; last reads were 0.4% and 0.3% respectively), 
  • We get Existing Home Sales at 10 am EST (F = 5 mm, last read was 4.89 mm),
  • We get FHFA home prices (no forecast, we get 5.9% YoY). 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Stuff We Care About Today – TMS, BTU, REXX, SSN
  4. Odds & Ends

Click the link directly below this to …

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21
Jul

Monday Morning – Easing Into 2Q14 Reporting Season

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Market Sentiment Watch: 2Q14 energy earnings get into gear this week with the rest of Service that we care about and the first of the E&P's.  In today's post please find the earnings calendar for the second week of 2Q14 energy earnings, The Week That Was, comments on the HAL quarter (solid and encouraging), and thoughts on the FANG release. 

Ecodata Watch:

  • We get the Chicago Fed Activity Index at 8:30 am EST (no forecast, last read was 0.18).

The Week Ahead:

  • Tuesday 7/22: CPI, existing home sales, HFA home prices, 
  • Wednesday 7/23: no economic data release scheduled, 
  • Thursday 7/24: jobless claims, Markit flash PMI, new home sales, 
  • Friday 7/25: durable goods. 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h
  3. The Week That Was
  4. Stuff We Care About Today – HAL, FANG
  5. Odds & Ends

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19
Jul

Wrap – Week Ended 7/19/14

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YoYo market is engaged in the group pre quarter. After a nice bounce over the past week, the portfolios are resting about 4% under their all time highs reached at the end of June. 

Big news of last week was the WLL for KOG deal. Please see our write up of the deal in last Monday's post here.

and our wrap of the pro forma NewCo here.  Comments about take-unders aside (LOL), we very much thought the deal price and 100% stock for stock deal structure was appropriate and we've not sold a share of our long held KOG position (started buying in 2008). Thanks much to Lynn Peterson for education on the Bakken/Three Forks and the profits that came with it; you will be missed.

Want to know more about Zman's Energy Brain?  Please check out the How To ZEB link at upper left or shoot us your questions at zman@zmansenergybrain.com.

Thanks and have a great weekend. 

wrap 071814

 


18
Jul

T.G.I.F.

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Market Sentiment Watch: YoYo market continues.  In today's post please find the natural gas inventory slide show (cold, too cold), comments on the RSPP operations update (big guidance upgrade (expected but nice) and estimates to rally making it a Permian bargain (don't laugh) as we approach 2015 multiples), the AR operations update (more big wells), and the SLB quarter (solid).

Ecodata Watch: 

  • We get Consumer Sentiment at 9:55 am EST (F = 83, last read was 82.5),
  • We get Leading Indicators at 10 am EST (no forecast, last read was 0.5%).

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Natural Gas Inventory Review
  4. Stuff We Care About Today –  RSPP, AR,  SLB
  5. Odds & Ends

Please click the link right below this to Continue Reading »


17
Jul

Thursday Morning

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Market Sentiment Watch: YoYo market engaged as sanctions on Russia worries everyone.  Oil inventory report fueled oil bounce yesterday and the E&Ps and Service names yoyo'd back into favor. This morning the broad market futures are sharply lower on Russia while oil futures are up on … Russia. Expect more volatility before we get into the thick of the 2Q14 reporting season over the next couple of weeks.   In today's post please find the oil inventory review, the natural gas inventory preview, comments on the AMZG operations update, the BHI quarter (strong stuff) and some other odds and ends.

Housekeeping Watch – If you are new to the site or a long time member:

1) Thanks for subscribing!

2) Please ask questions in the comments section … there are no dumb questions here.  If you want to keep it private shoot it over to zmanalpha@gmail.com address but honestly someone else may have insight I don't or may benefit from an answer to your question. 

3) Tell your friends about the site and get rewarded if they sign up (ask how at the email address above).  Know that we may be tax deductible for you (ask your tax advisor).

4) If you can't find something on the site please ask. We've been doing this for 7+ years now (I mean the site, in the business for 22 years) and I can get around the site or suggest ways to that are likely to get you better search results. Never be frustrated with the site, just ask. 

5) Thanks again.  Best, Z

 

Ecodata Watch: 

  • We get Jobless Claims at 8:30 am EST (F = 310,000, last read was 304,000),
  • We get Housing Starts at 8:30 am EST (F = 1.02 mm, last read was 1.00 mm),
  • We get Philly Fed at 10 am EST (F = 16.5, last read was 17.8).

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 –  - AMZG, BHI
  6. Odds & Ends

Please click the link right below this to Continue Reading »

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