24
Feb

Wrap – Week Ended 2/22/19

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ZLT up less than 1% on the week (energy in general sagged slightly). ZLT up a little over 18% YTD. 

One more big week of 4Q18 earnings ahead. 

Look for the next edition of So Far This Quarter in Monday's post. 

The Trading Blotter is Updated. 

ZLT Positions page will be updated with the Monday post. 

See our latest Seeking Alpha post on Wind here.

Questions and comments under The Wrap will be addressed in the Monday Post. Have a good weekend, Z

2 Responses to “Wrap – Week Ended 2/22/19”

  1. 1
    zman Says:
    Near term expected range:  $54 to $58 (updated last Monday, no change this week).  Originally, in December, we saw the failure of the pre/post OPEC+ meeting as unwarranted. Therefore the reacquisition of that level and move to $55 made a lot of sense. We have expected constructive action and have received it.  Our oil price deck remains at $60 for 2019 but we run models at $10 increments below that. The Street is reining in estimates now and, as expected, Street consensus has moved toward $60 in front of earnings season. Comments from upstream players during 4Q18 have been biased towards restraint and $50 type prices.  The Street has now fallen into line with us at $60. Expect further Street drop to be limited near term.   
  2. 2
    zman Says:

    Wind:

    https://seekingalpha.com/article/4241564-tpi-composites-blade-runner-sprint

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