22
May
Wrap – Week Ended 05/21/21
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Free Stuff This Month Watch:
- Antero - Undervalued Free Cash Flow Cow
- QS - The Derisking Continues
- BCEI merger with XOG - There Can Be Only One
- TPI Composites - Beat and Reaffirm
- MGY - Beat and Raise meets Dividend and Buyback
Holdings Watch:
- The trading blotter is updated.
- We had a good week last week and the ZLT is modestly on the year.
Questions and comments under The Wrap will be addressed in the Monday post. Questions about the site may be directed to zman@zmansenergybrain.com.
Have a good weekend, Z.
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TS Ana forms off Bermuda.
Bill has a very low chance of forming off Texas.
10 days before official season start.
https://www.nhc.noaa.gov/
May 22nd, 2021 at 6:57 amGood morning Z. Got busy on Friday and didn’t have a chance to thank you for the gassy update. Just another reminder how valuable your service is.
May 22nd, 2021 at 9:15 amre 2 – Thanks El-D!
May 22nd, 2021 at 9:44 amZ summer comes early according to CNN
May 23rd, 2021 at 10:56 amA massive heat dome is about to make the Southeast sweat
re 4 – roger that, hate to admit it but we cut the Sunday morning pickball game a bit short. Fresh orange looking maps in Monday’s post.
May 23rd, 2021 at 11:11 amLBRT Setting up nicely for more here…need to see a break of May’s value area high of 15.53…
May 23rd, 2021 at 12:48 pmhttps://i.postimg.cc/Y2Qxyy1D/lbrt.png
re 6 – our last free one there:
https://seekingalpha.com/article/4403756-liberty-oilfield-services-activity-rebound-drives-quarterly-beat-brighter-outlook-is-real
subscribers see more at:
https://zmansenergybrain.com/category/lbrt/
May 23rd, 2021 at 12:50 pmVEI Broke out from it’s IPO value area base last week. Short term support now at last week’s value area high 14.63…upside looks CAVU (pilot talk for Ceiling And Visibility Unlimited)
May 23rd, 2021 at 1:10 pmhttps://i.postimg.cc/QxHYYqdF/vei-1.png
https://i.postimg.cc/dVCHwtdv/vei.png
re 8
Thanks – no free ones there but our IPO preview and subsequent posts on the name including last week’s 1Q21 comments can be found here:
https://zmansenergybrain.com/category/vei/
May 23rd, 2021 at 1:12 pmSTEM bounce back to key levels where it (and clean energy) broke down….similar chart for clean energy in general..
May 23rd, 2021 at 1:23 pmSTEM
https://i.postimg.cc/Y2mb1CnF/stem.png
TAN solar ETF…
https://i.postimg.cc/y8rZQFW8/ice-screenshot-20210523-082028.png
ICLN Clean energy ETF
https://i.postimg.cc/kGcVxSk9/icln.png
Grid ETF…only pulled back to previous acceptance during the recent market dips. Broke above May value area high on Friday….Go STEM
May 23rd, 2021 at 1:27 pmhttps://i.postimg.cc/zBDYyRST/GRID.png
AR Consolidated it’s breakout last week. Looks ready for more…short term support at weekly value area lows 12.30.
May 23rd, 2021 at 1:33 pmhttps://i.postimg.cc/q7zZSXLb/ar.png
Thanks for the charts Zorg.
For AR, the last Free piece popped out on Friday.
https://seekingalpha.com/article/4430540-antero-undervalued-free-cash-flow-cow
May 23rd, 2021 at 1:53 pmI have to checkout for baccalaureate for Intern 1 – back in several hours.
May 23rd, 2021 at 1:54 pmENPH…Broke above resistance and into thick congestion. Bulls need to see it hold above 38 on any dips and a close above 47 (previous acceptance.. A break of 36 has 31 has a volume gap to 31. $30 moves not uncommon here…
May 23rd, 2021 at 2:00 pmDaily
https://i.postimg.cc/hPHFLGqQ/enph.png
65 Minute
https://i.postimg.cc/N0kWv72R/enph65.png
TPIC Demand volume picking up at 12 month value area and March lows….Looking for a test of range highs…first test would be a close above major acceptance and April’s value area lows at 51….Support at 45.67…
May 23rd, 2021 at 2:26 pmDaily
https://i.postimg.cc/pTtcr9zR/tpic-1.png
65 Minute
https://i.postimg.cc/SRxrYcsF/tpic65.png
hi Zorg.
May 23rd, 2021 at 2:28 pmThanks for the acronym addition to my vocabulary,
CAVU. Most appropriate
I hope it’s been an accurate application in this particular case .
Thanks again.
Market indices ended about where they started last week….Key levels of interest for me are above April’s value area high at 4210 or low at 4107 .One sets up another leg higher the other threatens another test of recent lows. Meanwhile, meaningless noise between those two levels. Mind the volume gap below the recent lows at 4054. Market can move swiftly in either direction between 4054 and 3971.
Daily
May 23rd, 2021 at 4:53 pmhttps://i.postimg.cc/854QL8RF/es.png
65Minute
https://i.postimg.cc/GhHwT5H2/es-1.png
#17 Howdy
May 23rd, 2021 at 4:54 pmLife in Iran:
Rolling Blackouts…….and YTD rainfall in IRAN is 43% below historical average.
https://beincrypto.com/iranian-crypto-mining-farms-voluntarily-shut-down-amid-rolling-blackouts/
Iran encouraged crypto mining as a way to help them beat US sanctions , however, the unintended consequences are that it places an unanticipated load on a Very FRAGILE electrical grid and has repeatedly caused local and regional blackouts.
May 23rd, 2021 at 6:33 pmNow they are trying to put the Genie back in the bottle….by regulating crypto mining and not having much success..as the above article denotes.
Daimler’s Truck Unit Maps Plans to Replace Diesel With Hydrogen
May 23rd, 2021 at 6:55 pmhttps://www.nytimes.com/2021/05/23/business/hydrogen-trucks-semis.html
May 23rd, 2021 at 6:56 pm