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:

    It's a New York state of mind

  2. 2
    skimo Says:

    Not so good news, unfortunately.

  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:


    A name you follow in my world.

  6. 6
    Zorgnak Says:

    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


  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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