22
Feb

Wrap – Week Ended 2/21/20

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Second week of gains for oil and natural gas this year. The ZLT was slightly up on the week helped by the renewable component of the portfolio.

Free pieces last week:

Post's Last Week

Additional Food For Thought on COG

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Questions and comments under The Wrap will be addressed in the Monday post.

The Blotter is updated.

Have a good weekend.

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11 Responses to “Wrap – Week Ended 2/21/20”

  1. 1
    crysball Says:

    Platts reports FERC ends consideration of changing te oil pipeline pricing system….and will stay with current methodology, which allows for annual creases . Good for the Midstream oil pipelines ….not so good for shippers, who wanted a new methodology.

  2. 2
    zman Says:

    re 1 – thanks.

    General thoughts.

    Transportation pricing, for our names has been relatively stable in recent years. In some places tariffs have come in (Permian recently).

    Unlikely this sparks disappointment in the upstream space as investors are not looking for improvement on this front and it’s a small cost component. Oil marketing guys at the upstreams may be disappointed but unlikely an analyst is going to make note of it in a meaningful way at the EBITDA/BOE line.

  3. 3
    Baylor Says:

    When coronavirus gets here in more force, how would you expect it to affect something like NG prices? Would demand be crippled? Trying to mentally wrap my mind around that

  4. 4
    zman Says:

    re 3 – hey, good question, will drop comments in Monday post.

  5. 5
    zman Says:

    Tomorrow’s post will be open to the public.

    From tomorrow’s post:

    EIA Drilling Productivity Report: Reversal at hand. March gas expected to be down 172 MM/d from February. A few months ago EIA had shale gas production rising nearly 1 Bcfgpd monthly. Permian is still growing along with Haynesville but this is offset by declines from the Anadarko and Appalachian (Marcellus) basins.

  6. 6
    james T Says:

    Re 3
    Gold is telling us how serious the problem is, IMO.

  7. 7
    Baylor Says:

    Corona Monday

    Dow down 343. Trying to see how best not to blow up

    I’m short DGAZ. Worried

  8. 8
    Baylor Says:

    China has been big buyers of gold driv Ng the cor Na rocket ship tuere the last several weeks.

    On one hand you could say, if you believe the data, there’s been 2,500 feats in a country with over a billion people in the last 60 days. Sad but not catastrophic for markets but the panic when it gets here may be significant. It’s just a matter of time one would think and then just to what extent

    I read car sales in China in January were down 95% yoy. Looking for the link

  9. 9
    Baylor Says:

    Sorry. Driving the corona rocket ship there*

  10. 10
    Baylor Says:

    Found it

    Car sales down 92% in China due to corona virus

    https://www.cnbc.com/2020/02/21/chinas-passenger-car-sales-tumble-92percent-in-early-february-due-to-coronavirus.html

  11. 11
    Monday Morning – Covid-19 Fear Rises, 4Q19 Earnings Peak | Zman's Energy Brain ~ oil, gas, stocks, etc… Says:

    […] Baylor on Wrap – Week Ended 2/21/20 […]

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