15
Feb
Wrap – Week Ended 02/14/14
Comments will be included in the Tuesday post.
The Blotter is updatedhttp://zmansenergybrain.com/subscriber-data/zeb-zlt-blotter/
15
Feb
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http://www.latimes.com/business/la-fi-occidental-split-20140215,0,7405626.story#axzz2tR1l6IUb
Could Aubrey be lining up financing to buy the Midwestern Nat Gas fields from Occidnetal? LA Times article suggests Oxy is about to spin it off:
February 15th, 2014 at 6:14 pmhttp://news.yahoo.com/nd-pumps-record-313-5m-194645643.html
February 15th, 2014 at 6:53 pmCanadian Pacific follows CN, will add surcharge on older oil tank cars
February 15th, 2014 at 8:33 pmProb a holdover of payment policies from the Aubrey regime:
Chesapeake under fire from Pennsylvania governor over Marcellus royalties
February 15th, 2014 at 8:35 pmNatural Gas Producers Working on the MOA bases…..
Daily
http://www.charthub.com/charts/2014/02/16/nat_gas_producer_composite_index
Weekly
http://www.charthub.com/charts/2014/02/16/natural_gas_weekly_0
Monthly
http://www.charthub.com/charts/2014/02/16/nat_gas_monthly
February 16th, 2014 at 10:53 amOil Producer Index
Daily
http://www.charthub.com/charts/2014/02/16/oil_producer_composite_index_cumulative_volume
Weekly
http://www.charthub.com/charts/2014/02/16/oil_producer_index_weekly_1
Monthly
http://www.charthub.com/charts/2014/02/16/oil_producer_monthly
February 16th, 2014 at 12:54 pmZorg…
the weekly chart in Oil really looks quite bullish….almost set up for another move hgher…not unsimilar to the S&P index in general, which supports the notion that Oil is global and gas i local…Natgas just hasn't have the the same pronounced chart…
February 16th, 2014 at 4:28 pm#7 It does look like oil is making a move where you'd hope if you were long..
I like Nat Gas as well. May take a while longer but they say long bases make long rallies…
February 16th, 2014 at 9:57 pmRefiners Any thoughts on where the refiners are in the current intermediate cycle would be appreciated
Daily
http://www.charthub.com/charts/2014/02/17/refiners_index_daily
Weekly
http://www.charthub.com/charts/2014/02/17/refiners_weekly
Monthly
http://www.charthub.com/charts/2014/02/17/refiners_monthly
February 17th, 2014 at 10:57 amre 9 – will address this week.
February 17th, 2014 at 10:58 am#10 thanks…still snowing out your way?
February 17th, 2014 at 12:38 pmPoint and Figure Breakouts last last week
GPOR
http://www.charthub.com/charts/2014/02/17/gpor
LPI
http://www.charthub.com/charts/2014/02/17/lpi
KOG
http://www.charthub.com/charts/2014/02/17/kog
February 17th, 2014 at 1:00 pmXEC
http://www.charthub.com/charts/2014/02/17/xec
CXO
http://www.charthub.com/charts/2014/02/17/cxo_1
February 17th, 2014 at 1:05 pmre 11 – ha, no, been out with the kiddos, went from 20's to 70's in a 2 days.
February 17th, 2014 at 5:18 pmre: 12
Zorg…do you not see same dynamics in PDCE?
February 17th, 2014 at 5:39 pm#15…PDCE Yes and no…. …just now breaking a nasty downtrend and at the same level it broke in June 2013 before it traded sideways for a couple months..Maybe a bit extended short term after the break of the 51.21 CLVN? I'd like to see PDCE trade sideways a bit and I expect it will, likely below the 56.68 CLVN. Note the supply on the Volume Profile Chart.
The other charts were not nearly as badly broken and they all have less supply to negotiate imo.
Compare GPOR which began to clear it's long term volume base with last week's move leaving less supply to deal with.( It also looks extended though).
http://www.charthub.com/charts/2014/02/17/pdce
http://www.charthub.com/charts/2014/02/17/stock_master_65_140217150554
GPOR
http://www.charthub.com/charts/2014/02/17/stock_master_65_140217150911
February 17th, 2014 at 7:44 pm#15..Not interested in any of them for a trade though…Just a slow rainy day in Oregon
Breakouts with PnF charting has worked pretty well since the upturn in 2009. Here's the performance of a simple PnF double top breakout strategy . Works great as long as the market rips higher for 5 years straight year or so..(note the buy and hold column to the far right),…..Buy the double top breakout on close. Sell on a downward break. Now if it will only rally for another 5 years….
http://www.charthub.com/charts/2014/02/17/oil_producer_pnf_trades
February 17th, 2014 at 7:48 pmre: 17
thanks for the notes….i already own both, and like the prospects of PDCE….bought a good amount of shares when stock stabilized in mid 50's and then averaged down in the 40's…..thinking its a broken stock and not a broken company….as for GPOR not sure what to make of the CEO's departure and thinking going to take a nice profit there and look for other ideas.
was just chewing some Oregon hazelnuts earlier…yummy
February 17th, 2014 at 7:56 pm