03
May
Wrap – Week Ended 5/01/20
.
.
Rigs and frac spreads continued to crater last week while production curtailments continued to add up. This all plays well into the already fundamentally improving natural gas macro. Come see us on the site during the week to learn more. Subscribers please access latest macro thoughts and thoughts on the gassy names using "gassy" on the pull down menu at upper left (labeled Select Categories).
Free Stuff Last Week:
There is no white space on the earnings calendar this week as we reach peak 1Q earnings. Please see the Calendar tab here for the latest version.
Last week marked 5 consecutive up weeks for the ZLT even with oil having briefly gone negative. The names had pre-discounted the move in our view and we have been adding on the gassy side and also taking some profits on things that moved to fast (GPOR - quick 10 day 188%).
Not a subscriber? We can fix that in about 1 minute. Send questions to zman@zmansenergybrain.com or just register and jump in.
Have a good weekend.
Z
.
