Wrap – Week Ended 3/29/24

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The Z4 Energy Research portfolio is up 13.2% through the first quarter of 2024.

Have Plan, Trade Plan:  We took profits in a number of long term holds as well as same short term trades in March as follows:

• Closed trades in March:
  •  PR – As telegraphed in the March 5th post, we moved to sell our position in PR at average $16.88 today, up 37%
  •  AR – We sold our recently taken position in large cap gassy player AR at $27.67, up 26%.
  • OII (Trade Only position)- We sold our position in offshore niche service player OII at $23.35, up 13%. We have rinsed and recycled this trade a number of times and plan to do so again.
  • VTLE - We sold our position in liquids rich Permian midcap VLTE at average $51, up 20%. 
  • MGY – As part of our Spring rebalancing we sold approxmiately 40% of our position in mid cap Eagle Ford player MGY at average $25.17, up 104% to our average cost not counting dividends. 
  • SWN – We exited our position in long held, gassy large cap player SWN at $7.58, up 40%, as we look to rebalance our portfolio. 
  • CHK – We also sold our quite small, < 0.5% position in CHK, at $88.86, down 6%.
  • VTS (Trade Only position) – We sold our position in Non Operated Bakken player VTS at average $23.877, up 13% excluding dividends.
• The trading blotter is updated.
• The positions page will be updated Monday. 

Questions about the site can be sent to zmanalpha@gmail.com.

30 day Test Drives are available on the Membership Options page. 

Have a good long Easter weekend.

Z