04
Jun
Wrap – Week Ended 06/04/22
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The ZLT was quietly up 2.1% last week on the heels of the prior week's 19% pop and ended Friday at high of year. Strength in oily and gassy E&P's was exceeded by very strong oil service segment performance, all driven by strong oil and overly strong natural gas prices while renewables were more mixed.
Free Stuff Last Week:
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U.S. Well Services: Little Clean Frac Player That Can Go Big
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Excelerate Energy: Crowd Pleasing First Quarterly Update As A Public Company
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HighPeak: Routine Growing Pains Create Opportunity
Holdings Watch:
- We added to MGY at $26.50 on the selling shareholder secondary.
- We added to one of our service names a number of times.
- We added to our largest solar segment holding.
- The trading blotter is updated.
We will be updating our natural gas price deck next week and all Gassy Player cheat sheets will see new upside targets.
Questions and Comments under The Wrap will be addressed in the Monday post.
Questions about the site may be addressed to zman@zmansenergybrain.com
Have a good weekend,
Z
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Z, are you going to look at valuations in the names that have run? I’m working towards 30% cash and looking at what might be top of range would help me a lot.
June 5th, 2022 at 12:46 pmre 1 – officially raising 2022 and 2023 natural gas price decks tomorrow’s post.
Gassy Players owned and unowned names we track will have new cheat sheets with new upside targets in the Tuesday post.
Oil deck unchanged. We can walk through those at any time tomorrow for our 3 primary oil weighted names as to valuation.
June 5th, 2022 at 1:00 pmThanks much
June 5th, 2022 at 4:03 pmSolar Watch: “US PRESIDENT BIDEN WILL USE EXECUTIVE ACTION ON MONDAY TO BRIDGE SOLAR PANEL SUPPLY GAP AMID COMMERCE DEPARTMENT TARIFF PROBE – RTRS SOURCES”
June 5th, 2022 at 9:37 pmthanks, I just canceled 4 sell orders
June 6th, 2022 at 3:19 am