13
Aug

The Wrap – Week Ended 8/12/16

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The ZLT ended the week up 3% and is up 34.4% YTD.

The XOP ended up 3% and is 19.4% YTD. 

The Blotter is updated. 

Please see Friday's post for the Permian Players Post 2Q16 update.

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6 Responses to “The Wrap – Week Ended 8/12/16”

  1. 1
    crysball Says:

    Z, in interpreting rig counts would be curious  to  know    if  workover rigs  are  included   in  the  B/H rig counts,  while workover e rigs may  contribute  to  maintaining  production, they are  not contributing to new productions.

    With all the    new wells drilled  in  the past 4 years,  would  speculate  the  #  of  workovers   has  also  increased……………..is  ths  perhaps  masking  the  true   new    wells  drilled (taking  into  consideration the tremendous increases  in efficiency (drilling  times, etc.)?

  2. 2
    Baylor Says:

    I believe corporate profits have now fallen for a historic record number of quarters. Market still treading water thigh as people have nowhere else to put their money and believe in the central banks ability to keep things increasing. Surely no big drops before November elections. 

    From a macro view, will be interesting to see how this unwinds. Or maybe bonds and market can go up forever while profits wane. 

    Mill get the link later but would be interested in anyone's macro thoughts. 

    I buy into the fact that unemployment is down while number of people working are down and more miles are being driven and low prices cure low prices but it's hard to avoid evaluating the data in front of us. 

    From an energy standpoint, would be nice to see a meaningful reduction in stocks in the relatively near future as we're now 25 months into the precipitous drop. At some point the laws of physics have to take over unless the world governments and central banks have found a way to negate those effects as well. Hehe. 

     

    Soon. Soon. 

  3. 3
    james T Says:

    Brutal heat and humidity in northeast,  big nat gas use this week.

  4. 4
    Baylor Says:

    Here in San Francisco it's about 50 degrees

  5. 5
    zman Says:

    Baylor – Please check your email. 

  6. 6
    zman Says:

    re 1 – no, workovers are not included in the rig count and workover activity only recently troughed (it's been off a cliff) as operators looked to cut expenses. 

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