Wrap – Week End 06/05/09 (in progress)


Holdings Watch:

  • $10KP $31,300 / 40% Cash
  • The Holdings Tab is updated
  • No sales last week, added to several existing positions

Nutshell on last week: Oil reaches fresh 2009 highs, toying with $70 on Friday after the jobs report before retreating very modestly. Energy stocks had a more wishy-washy, summer like week than the markets but were generally up. We are starting to see a pickup in asset deal activity which has been nearly frozen year to date and I expect more small to medium sized deals as we head towards the 3Q /4Q when many companies will be facing another round of bank line redeterminations (for many of the over-leveraged, cash flow crimped gassy names it will nut cutting time on sales).

One Response to “Wrap – Week End 06/05/09 (in progress)”

  1. 1
    zman Says:

    FYI to BOP and Bakken interested, WEST had a good update in the last comment of the Friday post. I will attach a link to it in the Monday post.

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