27
Mar
Wrap – Week Ended 3/26/21
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Holdings Watch:
- No position sales last week. We added to two names on group weakness.
- The blotter is updated.
Notable items from the table below:
- The frac spread count continues to rise. See our comments on LBRT last week.
- Refiner throughput is about to cross over year ago levels, likely in the next couple of reports. This will occur as the U.S. is still: a) producing 2 mm bopd less than it was a year ago and b) seeing bottom of range net oil imports.
Questions and comments will be addressed in the Monday post. Questions about the site can be addressed to zman@zmansenergybrain.com. Have a good weekend.
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Interesting reading watch:
https://247wallst.com/autos/2021/03/26/ev-battery-makers-catch-the-eye-of-goldman-sachs-and-cathie-wood/
March 27th, 2021 at 9:39 amInteresting reading watch:
https://www.bostonglobe.com/2021/03/25/business/house-speaker-vows-increase-states-investment-offshore-wind-energy/
March 27th, 2021 at 9:39 amThe Story of Amazon’s Fuel-Cell Supplier Explains This Crazy Market
https://www.wsj.com/articles/the-story-of-amazons-fuel-cell-supplier-explains-this-crazy-market-11616936401?mod=hp_lead_pos5
March 28th, 2021 at 9:17 amAs of 5:07 EDT the SUEZ CANAL AUTHORITY is deferring any further attempt to refloat the EVER GIVEN until Monday evening (canal time), when 2 more powerful tugs arrive and will be in place at high tide.
March 28th, 2021 at 5:27 pm