19
May
Wrap – Week Ended 5/17/24
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The ZLT was up 0.8% on the week last week and is ahead of our benchmarks for the year. 1Q24 earnings season is over and we are in the process of penning a number of full company updates.
Free stuff last week: None but we had two calls with CFO's with two of our top 10 holdings last week and a couple of Seeking Alpha pieces are in progress.
Holdings watch:
- We added to one of our small cap upstream holdings last week.
- The blotter is updated.
Notable Charts Watch:
Questions and comments under The Wrap will be addressed in the Monday post.
Questions about the site may be sent to zmanalpha@gmail.com
Have a good weekend,
Z
LNG Watch: LNG exports were 13.2 Bcfgpd on Friday according to BNEF.
May 19th, 2024 at 7:29 amProduction Watch: Production on Friday was 99.4 Bcfgpd according to BNEF.
May 19th, 2024 at 7:29 amStreet oil deck
2024 a month ago $79, now $80
May 19th, 2024 at 7:56 am2025 a month ago $75, now $76.50
US fuel exports to Mexico to increase as Mexico’s newest refinery [Dos Bocas namelpte 340,000 BPD] just announced it can only proces 16,250 BPD of crude oil.
https://www.reuters.com/business/energy/mexico-presidents-dream-pemex-refinery-hits-another-delay-internal-data-shows-2024-05-17/
This latest event coupled with fires @ 2 other Mexican Refineries and recent throttling bac of operations at a third refinery due to air pollution are putting a real crimp on refined fuel output. Highly embarassing to AMLO who has made self-sufficiency in fuels a MAJOR political issue……and elections only a week away.
May 19th, 2024 at 9:11 am