09
Sep
Housekeeping Watch
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- If you need to contact us please use zmanalpha@gmail.com
In today's post please find:
- The Week That Was,
- and some other odds and ends.
In case you missed The Wrap.
Eco Data Watch:
- We get wholesale inventories at 10 am EST (F = 0.3%, last read was 0.2%).
The Week Ahead:
- Tuesday - NFIB optimism, OPEC MOMR, EIA STEO,
- Wednesday - CPI, EIA Oil Inventories,
- Thursday - Jobless claims, PPI, EIA Natural Gas Storage,
- Friday - Import price index, consumer sentiment.
In Today’s Post:
- Holdings Watch
- Commodity Watch
- The Week That Was
- Stuff We Care About Today – the week ahead
- Odds & Ends
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08
Sep
.
The ZLT was down 12.1% last week as oily and oily service portions of the portfolio were hit by a sharp drop in WTI on China demand fears, US recession fears, and exacerbated by a weak broad market. News that OPEC is delayed decurtailment for 2 months came as no surpise to us but no save to the market. We see oil as overdone to the downside but expect to see oily upstream names with downward price target revisions in the lead up to the 3Q reporting season as the sellside reduces their 2H24 and potentially 2025 oil price decks.
Holdings Watch:
- We sold two names out of the portfolio last week (one midstream natural gas and one oil service).
- The blotter is updated.
Have a good weekend,
Z
06
Sep
.
Housekeeping Watch: Are we using the correct email for you? If you're not getting ZBLAST's or are getting them at the wrong address contact zmanalpha@gmail.com
In today's post please find:
- the natural gas storage slide show,
- the oil inventory slide show,
- comments and a cheat sheet update for AR,
- and some other odds and ends.
Ecodata Watch:
- We get the nonfarm payrolls report at 8:30 am EST (F = 161,000; last read was 114,000),
- We get the unemployment rate at 8:30 am EST (F = 0.3%, last month was 0.2%).
In Today’s Post:
- Holdings Watch
- Commodity Watch
- Natural Gas Inventory Review
- Stuff We Care About Today - AR, SHLS
- Odds & Ends
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05
Sep
.
Housekeeping Watch:
In today's post please find:
- the oil inventory preview,
- the natural gas inventory preview,
- a few gassy tables of interest,
- the unowned table,
- and some other odds and ends.
Ecodata Watch:
- We get ADP employment at 8:15 am EST (F = 140,000; last read was 122,000),
- We get jobless claims at 8:30 am EST (F = 225,000, last read was 231,000),
- We get the 2Q24 productivity revision at 8:30 am EST (F = 2.5%, last read was 2.3%),
- We get ISM services at 10 am EST (F = 51.0%, last read was 51.4%),
- We get the EIA natural gas storage report at 10:30 am EST,
- We get the EIA oil inventory report at 11:00 am EST,
- We get Nonfarm Payrolls tomorrow.
In Today’s Post:
- Holdings Watch - see notes.
- Commodity Watch - with oil and natural gas inventory previews
- Stuff We Care About Today - the unowned, gassy tables
- Odds & Ends
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04
Sep
In today's post please find:
- the early read on natural gas storage,
- the Natural Gas Macro slide show,
- PR - Revised Cheat Sheet,
- CRK - Revised Cheat Sheet,
- and some other odds and ends.
Ecodata Watch:
- We get job openings at 10 am EST (F = 8.1 mm, last read was 8.18 mm),
- We get factory orders at 10 am EST (F = 4.9%, last read was -3.3%),
- We get the Beige Book at 2 pm EST,
- We get car sales over the course of the day (no forecast, July was at 16.4 mm rate).
- We get API Oil Inventories at 4:30 pm EST.
In Today’s Post:
- Holdings Watch
- Commodity Watch - price deck revision, EOS
- Stuff We Care About Today – Natural Gas Macro, PR, CRK
- Odds & Ends
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