Wrap – Week Ended 6/17/22



Tough week in the energy space with the ZLT down ~17% on the week with energy benchmarks down 17 to 20% as the markets and commodities fell with in a summer swoon over inflation / recession fears exacerbated by the quad witch. Markets may remain unsettled.  Our names are largely low forward multiple and high forward yield at oil and gas prices well below current levels and all of our core plays have strong balance sheets. We have been slowly adding to held positions while evaluating new adds to the portfolio.

Free Stuff Last Week:  None

Holdings Watch:

  • We added to one solar name, one upstream oily name, one upstream gassy name, and on oil service name.
  • The blotter is updated.

Questions under The Wrap will be addressed in the Tuesday post.

Questions about the site may be directed to zman@zmansenergybrain.com

Have a good rest of the long weekend,




10 Responses to “Wrap – Week Ended 6/17/22”

  1. 1
    crysball Says:

    Interesting article on Chinese refining policy and its refusing industry structure and growrth.

    Massive Oil Refining Capacity Idle in China as Prices Soar


  2. 2
    crysball Says:

    The ‘SHADOW WAR’ seems to be coming out of the shadows.


  3. 3
    R F Says:

    Re 1 & 2 – Interesting, Thanks

  4. 4
    Zorgnak Says:

    Broad Mkt.
    S&P Touching next potential support 3684. Extreme oversold on the DeMark Sequential…

    Last week saw the 4th and 5th biggest sell programs in history, HT Zerohedge.
    Fear and Greed Index at extremes.

    Asset Managers own the lowest level of S&P futures since ’16 H/T Christian Fromhertz

    and so on..

    Daily Any bounce also looks to be sold short of 3900-4000..
    65 Minute Chart

    S&P Looks to open above value area highs/potential support at 3700 for Tuesday. Value area lows at 3669.

  5. 5
    Zorgnak Says:

    XLE Sector ETF
    Test longer term acceptance at 73.88. Found buyers here on the last two tests lower.
    Daily Broke uptrend and value area lows on heavy volume. Next potential support at 68.56

  6. 6
    Zorgnak Says:

    XOP Testing value area lows/support at 128.87 on heavy volume….Next support below at previous acceptance 124.51. Less correlation with the broader market. 128.87 needs to hold..

  7. 7
    Zorgnak Says:

    July Crude Futures..Range well defined between 102 and 111.97.

  8. 8
    Zorgnak Says:

    Nat Gas Futs broke below value last week. Next potential support at 6.50.

  9. 9
    Zorgnak Says:

    I’ll post all individual Z stocks in the room Tuesday mid morning..

  10. 10
    Anonymous Says:

    Thanks Zorg.

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