19
Nov
Wrap – Week Ended 11/19/22
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The ZLT ended the week down 3.7% on the week after a prior 4 week 24% run as the oil and gas group took a break in the wake of earnings season and with oil retreating ahead of the Russian price cap and member quietness ahead of the December 5th OPEC+ meeting. Oil service continues to look resilient and we have size exposure via frac and to a lessor extent sand names. Renewables were mixed with our solar wedge pushing to recent highs while wind pulled back from the prior week's COP27 inspired pop. Wind is still a long term play at this point but we are seeing US order flow pick up.
Free Stuff This Month:
Holdings Watch:
- We added on more Gassy Haynesville name,
- We added to one Bakken name.
- The blotter is updated
Questions and comments below The Wrap will be addressed in the subscriber mailbag section of the post.
Questions about the site may be addressed to zman@zmansenergybrain.com
Have a good weekend,
Z
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Nobody worry, Cramer says we are going to do much better the next four weeks!
https://www.cnbc.com/2022/11/18/cramers-week-ahead-markets-will-do-much-better-during-the-next-four-weeks-.html
Definitively need to short more.
November 20th, 2022 at 2:20 pm