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:
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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.
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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.
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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
TRUMP MAY TORPEDO COVID RELIEF BILL BECAUSE HE IS FURIOUS AT CONGRESS: WH SOURCES – WAPO
December 27th, 2020 at 12:19 pmGovernment will shut down Tuesday unless the omnibus bill is signed.
Defense bill veto override may happen this week.
December 27th, 2020 at 12:24 pmThere should also be a standalone $2k bill that Trump may agree to sign this week.
December 27th, 2020 at 12:51 pmJAPAN TO BAN ALL NEW ARRIVALS OF FOREIGN NATIONALS FROM DEC 28 THROUGH END-JANUARY – NIKKEI
December 27th, 2020 at 1:22 pmFor 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/
December 27th, 2020 at 2:36 pmTowers are bolted on top of monopiles?
December 27th, 2020 at 4:33 pmyep
December 27th, 2020 at 4:43 pmdon’t have to use monopile as a foundation but it’s one option.
December 27th, 2020 at 4:43 pmZorg on BWEN
“Weekly chart. Trying to break above it’s 3 year volume base…
December 27th, 2020 at 5:45 pm“
NG futures called down 10%. Mild forecast.
https://www.barchart.com/futures/quotes/NGF21/performance
December 27th, 2020 at 6:28 pmTrump tweet:
“Good news on Covid Relief Bill. Information to follow!”
December 27th, 2020 at 7:06 pmTrump signs Covid relief bill.
December 27th, 2020 at 8:13 pmand the omnibus spending bill.
December 27th, 2020 at 8:14 pmBMW.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%)
December 28th, 2020 at 1:48 amre 14 – yep, saw it, thanks.
December 28th, 2020 at 1:52 am