Wrap – Week Ended 5/4/18



The ZLT was up 1.4% last week and is now green on the year, moving ahead of the broad markets after a 4 week, 13% move to reach the portfolio's best levels since March 2017.  Energy sentiment continues to improve despite Permian takeaway fears, fear that were widely and well addressed by Majors and mid to large cap independent players over the last 10 days. 

Our higher weighted names in the portfolio, with one exception, posted strong 1Q18 results and outlooks and are at near all time highs while not being near their forward multiple highs. They have room to run.  Capital discipline has reined supreme on the calls to date. 

There were no trades in the ZLT last week as we took in more earnings but expect activity to pick again near term as we make some long planned alterations.

If you are interested in becoming a subscriber check out the How To Zeb link at upper left or simply register at upper right and pick a plan from the Membership Options tab. 

Have a good weekend, 



One Response to “Wrap – Week Ended 5/4/18”

  1. 1
    zman Says:

    Link to ZEB Position weighting and weekly position performance 

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