30
May
Wrap – Week Ended 5/28/21
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Solid week with the ZLT outperforming the group and energy indexes.
Holdings Watch:
Free Stuff Last Week:
- FLMN - model update and post 1Q21 thoughts
- AR - cheat sheet update and comments - Undervalued Cash Cow
- Last Friday's post is open to the public - a SWN (unowned) cheat sheet update and our liquids rich Gassy Players update.
Questions and comments under The Wrap will be addressed in the Tuesday post.
Questions about the site can be directed to zman@zmansenergybrain.com. Test drives are available.
Have a great weekend,
Z
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Highest mogas prices for Memorial Day Since 2014
https://www.eia.gov/todayinenergy/detail.php?id=48156#
May 31st, 2021 at 6:33 amOn this day we honor Pop who was a navigator in a B17 over Italy. We miss you a lot sir. We also thank you and all service members for what you’ve done for us all.
May 31st, 2021 at 6:35 amOPEC+ JTC has begun.
OPEC+ meeting still set for tomorrow. No big changes expected although more chatter about Iran highly likely.
May 31st, 2021 at 6:42 amXOP O&G Breaking out above May value area on light volume…Demand volume supportive of higher prices.
https://i.postimg.cc/gJpQRxnC/xop.png
MGY High volume breakout of May value area. Extended short term now. Demand volume supports higher prices…..
https://i.postimg.cc/x8MJH68R/mgy.png
BCEI Working off extension by consolidating after high volume break out. Next breakout level at 43.81.
Demand volume supports higher.
https://i.postimg.cc/BbBZ4ktd/bCEI.png
LBRT Still setup for higher after breaking above May value area high.
May 31st, 2021 at 2:47 pmhttps://i.postimg.cc/vmzZRDSG/LBRT-1.png
And we want to remove sections …….low naive.
https://www.dpa-international.com/topic/iaea-iran-produced-2-4-kilograms-highly-enriched-uranium-urn%3Anewsml%3Adpa.com%3A20090101%3A210531-99-812796
May 31st, 2021 at 2:55 pmSTEM Trading in balance at it’s major acceptance level after becoming extended. Expecting more back and forth here.
May 31st, 2021 at 3:14 pmKey support at 23.Sellers at 28 on last three upside attempts.
I still have it at 35% short?
https://i.postimg.cc/mDgMJvj6/stem.png
Nat Gas Coming out of that consolidation nicely…3.06 atm. Change of character…
https://i.postimg.cc/1zfDGPLH/ng.png
AR..Ditto…consolidation..breakout levels nearby…Demand volume continues to support higher prices..
https://i.postimg.cc/Hn2JGPqn/ar.png
VEI Consolidating recent up moves..
May 31st, 2021 at 8:39 pm65 Minute Chart
https://i.postimg.cc/y6QB5H59/vei.png
Daily
https://i.postimg.cc/7Z7kfTLM/vei-1.png
Solar ETF TAN extended now at major resistance/supply at 80.72… so far working it’s extension off sideways around the previous weekly point of control at 79.38…I’d happy with a week more of consolidation…
https://i.postimg.cc/c4tjmgnK/tan.png
ENPH..The relative strength leader in solar. One of the few solar stocks to recover above it’s breakdown levels…Consolidating recent bounce around 145. Support at 137…Next major resistance at 172…Demand volume supports a resolution higher…if solar can keep it together..
May 31st, 2021 at 9:27 pmhttps://i.postimg.cc/wTsqmBx2/enph.png
WTI hanging out at $68.50
June 1st, 2021 at 9:19 am