23
Dec
Wrap – Week Ended 12/22/23
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The ZLT was up 2.4% on the week last week as Red Sea tensions put a bottom under oil despite a negative side of neutral type EIA weekly update. On the natural gas side, the storage withdrawal of -87 Bcf was near our -90 Bcf forecast and compared favorably to consensus of -80 Bcf. We're at -83 Bcf for next week's report vs the Street at - 73 Bcf as December wraps up on the mild side. Our small renewables wedge also turned in a strong late year performance with both solar and wind scoring size gains for us last week relative to sector benchmarks.
Holdings Watch:
- We added to GRNT and VWDRY last week.
- The portfolio currently contains 23 names.
- The blotter is updated.
Questions and comments about the site may be directed to zmanalpha@gmail.com
Questions and comments under this post will be addressed in the Tuesday post.
Have A Very Merry Christmas,
We'll be back with our regularly scheduled programing on Tuesday.
Z
Merry Christmas and Happy Holidays!
December 25th, 2023 at 10:55 amWeather Watch: Super mild.
Last week: Gas-Weighted Heating Degree Days (HDDs) came in at 165 vs 203 normal and 166 in the prior week.
This week’s forecast: This week, CPC predicts HDDs will fall to 141 vs 217 normal.
December 25th, 2023 at 10:55 am