Wrap – Week Ended 02/03/23



The ZLT was off 3.7% last week vs the group ETFs ranging from down 2.2% (the gassy XNG) to down 7.7% (the XOI) - see the top of The Wrap table below. Friday saw a sharp reversal lower in oil (odd action here but likely tied to thinking on the Fed's next move and uncertainty over the impact of the EU's next move relative to Russian productions. Friday also saw a continued plunge in prompt natural gas (over done to the downside in our view) while the strip was less impacted ~ please see last Thursday's post here for our natural gas macro update.

We are now through 12 of 76 conference calls we plan to be on for the 4Q22 energy reporting season. So far things have gone pretty much as per plan  relative to the 4Q section of The Five Things.  Please see the Calendar link at left for rest of the season as well as comments on those 12 names in So Far This Quarter.

Free Stuff Last Week:  None but expect to see some Seeking Alpha upstream name updates tied to 4Q22 reports.

Holdings Watch:

Questions and comments under The Wrap will be addressed in the Monday post.

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




2 Responses to “Wrap – Week Ended 02/03/23”

  1. 1
    Bill Potter Says:

    Z, didn’t you post cheat sheet update on the smaller oily players some months back? I can’t seem to find it in the pulldown menu.

  2. 2
    zman Says:

    re 1 – out of pocket at the moment, will update this week.

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