30
Apr
Wrap – Week Ended 04/29/22
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Another slip for the broad markets, the group as April notch the worst month for stocks since 2008. While the ZLT slipped 3% last week on Friday's move our positions in oil, natural gas, and oil service are increasingly well positions and reports quarter to date have been better than expected setting up a constructive and an in some cases overwhelmingly positive reads on the seconda half of 2022. Renewables are much more of a mixed bag and are case by case positive or more neutral.
Free Stuff Last Week:
Holdings Watch:
- We added to names in oil services (two frac names and one sand) and added in one niche renewables name.
- The blotter is updated.
Covered Last Week Watch: (copious notes on daily posts and conference call notes underneath).
Energy Earnings Week 3 will be busier.
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Questions and comments under The Wrap will be addressed in the Monday post.
Questions about the site may be addressed to zman@zmansenergybrain.com
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One more thing. We've not increased prices since 2006. They go up for new subscribers May 3rd as follows.
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We are traveling this weekend so not a lot will be said on the Wrap table below but wow distillate pricing and crack spreads. Just. Wow.
We hope you have a good one.
Z
VWDRY on the tape, call at 4 am. Notes in Monday post. Beat on revenue, miss at EBIT line. Russia/Ukraine, some legacy offshore written down.
Estimates reduced modestly on Russia / Ukraine.
May 1st, 2022 at 4:32 pmThe positions page has been updated:
https://zmansenergybrain.com/subscriber-data/holdings-wiki/
May 1st, 2022 at 7:06 pm