Wrap – Week Ended 12/15/23



We were traveling most of last week and the ZLT ended up 4.4% on the week. Sadly, travel will be limited near term.

  • Oil and gas names edged off recent lows as the commodities seemed to find comfort levels and as equities were buoyed by decent data and a less hawkish sounding Fed.
  • The EIA oil weekly was fairly benign.
  • The EIA natural gas storage report of -55 Bcf was in line with our range of - 55 to -60 Bcf.
  • We are looking for a withdrawal of -90 Bcf in the coming week.
  • Active frac spreads tumbled but this is a seasonal move and we'd expect an early 2024 recovery.
  • Renewables again performed well last week, in the wake of a very poor year to be sure, on lower interest rate hopes. 

Holdings Watch: 

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

Questions about the site may be addressed to zman@zmansenergybrain.com or zmanalpha@gmail.com 

Have a good weekend, 


One Response to “Wrap – Week Ended 12/15/23”

  1. 1
    crysball Says:

    PEMEX debt woes extend to Supplier base………NFE may be a candidate as THEY STIFF PARTNERS just as well as Suppliers.


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