01
Jul

Wrap – Week Ended 07/01/11

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Have a great Fourth of July Weekend!

 

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8 Responses to “Wrap – Week Ended 07/01/11”

  1. 1
    elijahwc Says:

     
    Re: FTK ESPH  XTMCF GSFVF HEK GRH CLH…..DNR(Co2) RLE-TSXv
     
    It's a New York state of mind
     
    http://www.ogj.com/index/article-display/8771739518/articles/oil-gas-journal/general-interest-2/government/20100/july-2011/ny-says_frac_ban_would.html?cmpid=EnlDailyJuly12011

  2. 2
    skimo Says:

    Not so good news, unfortunately.
    http://beta.news.yahoo.com/oil-spill-montanas-yellowstone-river-forces-evacuation-201145420.html

  3. 3
    zman Says:

    SSN elects to participate in those two CHK operated Niobrara wells across the lease line in WY for 25%.

  4. 4
    Jerome Blank Says:

    $NYMO at 89.65…now very overbought, caution on call options, probability of a pullback are now materially increased…

  5. 5
    VTZ Says:

    http://www.calgaryherald.com/business/energy-resources/Devon+eyes+Pike+oilsands+project/5033093/story.html

    A name you follow in my world.

  6. 6
    Zorgnak Says:

    Tuesday…
    S&P Futures Near support and overnight low in the 1329-30 area. Near Resistance in the 1335.25 area.

    1337.75 Acceptance, Minor CHVN, O/N High
    1335.25 Resistance, CLVN, Friday VPOC
    1329-30 Support, CLVN, O/N Low
    1319 Support, CLVN
    1315 Support,CLVN
    1310.25 Support, CLVN
    1308 Major Acceptance-Congestion

    http://www.charthub.com/images/2011/07/05/ES_Composite

  7. 7
    BirdsofpreyRcool Says:

    zorg — good morning… and thank you for the levels.

    Credit Markets a little red about the gills this morning. US 2yr swap rate (the current “fave” indicator) is about 1 bps wider at +25.3 bps.

    TED moving a little wider too at +23.3 (because US 3mo treasuries are rallying, not because LIBOR is higher).

    Investment Grade credit index +1 1/4 bps wider.

    High Yield credit index +5 bps wider.

    Oil higher… US$ higher… equities not sure how they want to open up. But credit has a slightly sour face on, pre-equities opening.

  8. 8
    RMD Says:

    VOC I scanned 2 reports, RAJA and RBC, over the weekend. My initial impression is that VOC is a very expensive way to buy oil, with production peaking in ’12. It is esp. levered to oil price declines after ’14 when they can not hedge any more. I will keep an eye on this one as there are several obvious ways it could blow up, not cover the distribution, etc. Details later.

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