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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