31
May
Wrap – Week Ended 05/30/08 – Goodbye May, You Will Be Missed
May was a pretty good month. Observations: It was a good time to be long energy stocks. It will not always be this easy. On to the weekly wrap.
Archive for May, 2008
31
May
30
May
Friday – Bounce
Seeing Red. As in a sea of red. Everyone is looking for a top in oil and ran helter skelter from the energy groups yesterday when oil failed to push to new highs on a much larger than expected draw down in crude stocks. As is usual on a really "red day" there was not […]
29
May
Thursday Night Gas Storage Review
Commodity Watch: July natural gas traded lower following the release of a substantially "in line" storage injection number of 87 Bcf (I was at 85 to 90 and the Street was looking for 84 Bcf). Gas closed down $0.52 to $11.47 with losses building after a sharp reversal in crude futures. Storage levels remain […]
29
May
Thursday – Gas & Oil Inventory Previews
EIA Watch: The Gas Storage Report will come out at its regularly scheduled time of 10:30 am EST. The Oil Inventory Report will be released at the same time. In Today's Post: Holdings Watch: added some CHK, sold half of the SD Commodity Watch with Inventory Report Previews Stocks We Care About Today – […]
28
May
Wednesday – Oil Easing
Housekeeping Watch: No EIA oil inventory report today. It is scheduled for Thursday (tomorrow) at 1 pm EST. Yesterday was a pretty mixed bag for the energy sectors; a mostly directionless, low volume day except for the service names. One of the things I like about extending into these plays is that when they move […]