Wrap – Week Ended 1/6/23



Sloppy first week of the year, at least for us. Indexes and ETFs posted OK results while oil was down 8% and natural gas continued it's weather driven slog falling 17%. We see both of these moves as overdone now. The ZLT started the year down 6.5% large on the back of gassy names and one of our solar tied names' soft performance.

Subscribers please see our Natural Gas Macro piece in last Wednesday's post. 

The Five Things piece will return, in pieces, this week.

Holdings Watch: 

  • We remained patient last week until the NFP hit.
  • We added to one solar tied name, ARRY, on a technical gap fill at $16.90 last week. We continue to only own 4 names in Solar and 2 names in Wind.
  • Oily upstream, gassy upstream, and oil service continue to make up the majority of the portfolio.
  • The blotter is updated.

Questions under The Wrap and in email form this weekend will be addressed in the Monday post.

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

Housekeeping Watch:  Our monthly, quarterly and annual rates will be indexed to inflation for the last two years next Friday. Current subscribers will not be impacted. 

Have a good weekend,


One Response to “Wrap – Week Ended 1/6/23”

  1. 1
    Bill Potter Says:

    I’ve been nibbling at some of the names in the Eagle Ford so I pulled up your last update to those names. In that, you only have street estimates to TEV/EBITDA not your estimates. Why is that? I’d rather have your thoughts than analysts I don’t trust.

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