20
Jun
Wrap – Week Ended 6/19/20
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Flattish week after being up sharply in 9 of the last 12. Note the bounce in active frac spreads even as rig counts continue to fall. This makes perfect sense as managements look to staunch the declines brought about by slashed capital programs and inactivity as we head into the second half of the year and they begin to address year end trajectory and 2021 growth, maintenance, decline thoughts. Good for our LBRT as well as DUCs begin to fly. Our renewables choices continue to chug higher.
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Holdings Watch:
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No trades this week.
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The blotter is updated.
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We are currently over 40% renewables and over 20% natural gas centric
Free Stuff This Week:
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Thursday's post was open to the public (the oil inventory slide show, a couple requested cheat sheet updates, and some other odds and ends).
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Broadwind - Results are set to tower ahead supporting significant upside.
Questions and comments under The Wrap will be addressed in the Monday post.
Questions about the site can be addressed to zman@zmansenergybrain.com
Z,
June 21st, 2020 at 2:21 pmIs it Rinse & Recycle time yet on GPOR?
We re-entered GPOR on 6/2/20
https://zmansenergybrain.com/subscriber-data/zeb-zlt-blotter-ii/
June 21st, 2020 at 4:36 pmHow low can it go? I nibbled on Friday
June 22nd, 2020 at 12:03 amIs this accurate?
GPOR
around 6 million traded at 1.40 after hours. 3x daily average volume Friday with AH trades doing close to daily volume just there. Something is coming.
June 22nd, 2020 at 12:07 am