Wrap – Week Ended 4/2/21



Holdings Watch:

  • We closed our smaller sized GDP position out with a 7% gain.  We are consolidating positions within the the gassy players section of the ZLT.
  • We added to another gassy name multiple times over the last two weeks.
  • The Blotter is updated.
  • The ZLT is up 13.8% YTD.

Natural Gas ST Supply / Demand Watch:

  • LNG exports holding at record for a weekly average. Exports to Mexico are as well.
  • Note that this week set a new record for net exports as Canada faded seasonally.
  • Generation will pick up soon with weather.
  • Early builds are a function of mild shoulder weather this year vs coolness last year.
  • Look for a slightly larger injection this week but when the weather turns warmer we will still be in heavy supply deficit.

Questions and comments under The Wrap will be addressed in the Monday post.

One Response to “Wrap – Week Ended 4/2/21”

  1. 1
    zman Says:

    NG ST supply demand comments added to post.

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