27
Dec

Wrap – Week Ended 12/25/20

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Another solid week as we approach year end with the ZLT up 10% on the week while the energy groups were down slightly.

Year to date the ZLT is up 50.4% after a three month 107% rally.

Holdings Watch:

  • 12/22/20 - QS – Sold approximately 20% of our position at $101.38, up 563%. This sale more than covers our initial investment in the name and is our first sell down of the position.
  • 12/22/20 - PE - Sold all of our long term position in PE at average $13.85. We have written previously of our plans to sell the name ahead of the merger with PXD.  We are looking at FANG as a replacement Permian here. Long term capital loss of about 35% on this name that we have owned to varying degrees since the IPO.
  • The blotter is updated.

Free Stuff Last Week:

Questions and comments under The Wrap will be addressed in the Monday post.  Questions about the site can be directed to zman@zmansenergybrain.com

Have a great rest of the weekend,

Z

15 Responses to “Wrap – Week Ended 12/25/20”

  1. 1
    zman Says:

    TRUMP MAY TORPEDO COVID RELIEF BILL BECAUSE HE IS FURIOUS AT CONGRESS: WH SOURCES – WAPO

  2. 2
    zman Says:

    Government will shut down Tuesday unless the omnibus bill is signed.

    Defense bill veto override may happen this week.

  3. 3
    zman Says:

    There should also be a standalone $2k bill that Trump may agree to sign this week.

  4. 4
    zman Says:

    JAPAN TO BAN ALL NEW ARRIVALS OF FOREIGN NATIONALS FROM DEC 28 THROUGH END-JANUARY – NIKKEI

  5. 5
    zman Says:

    For the record we see this as a positive for offshore wind and not a negative for BWEN. These are monopiles, not towers.

    https://electrek.co/2020/12/23/new-jersey-monopile-factory-offshore-wind/

  6. 6
    ram Says:

    Towers are bolted on top of monopiles?

  7. 7
    zman Says:

    yep

  8. 8
    zman Says:

    don’t have to use monopile as a foundation but it’s one option.

  9. 9
    zman Says:

    Zorg on BWEN

    “Weekly chart. Trying to break above it’s 3 year volume base…

  10. 10
    zman Says:

    NG futures called down 10%. Mild forecast.

    https://www.barchart.com/futures/quotes/NGF21/performance

  11. 11
    zman Says:

    Trump tweet:

    “Good news on Covid Relief Bill. Information to follow!”

  12. 12
    zman Says:

    Trump signs Covid relief bill.

  13. 13
    zman Says:

    and the omnibus spending bill.

  14. 14
    Anonymous Says:

    BMW.DE Reportedly considering increasing EV car production by additional 250K by 2023 (to double planned EV production) – German press (BMW AG)

    Plans for 20% of production to be EVs (prior targeted 8%)

  15. 15
    zman Says:

    re 14 – yep, saw it, thanks.

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