30
Jun
Wrap – Week Ended 06/28/24
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The ZLT was up 3.1% on the week last week. Oily upstream names and oil service saw a modest recovery in the last week of the quarter having been poor performers in June despite solid oil pricing.
We will be on vacation next week. Look for a first week of July post on Monday with comments around key news items and inventory reports through the week as lounging about permits.
Questions about the site may be directed to zmanalpha@gmail.com
Questions and comments under The Wrap will be addressed in the Monday post.
Holdings Watch:
- We added to three oily names last week.
- The blotter is updated.
A Few Charts of Note from this Week:
ACTIVE SPREAD COUNT DOWN 13% YOY, NEAR LOWS FOR 2024.
US OIL DIRECTED RIGS HIT NEW CYCLE LOW
US NATURAL GAS DIRECTED RIG COUNT FALLS 1 TO 97, NEW CYCLE LOW
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US NATURAL GAS GENERATION SHARE REMAINS RESILIENT TO DATE IN 2024
POWER BURN SETTING RECORDS FOR TIME OF YEAR (RECORD FULL YEAR ON THE WAY)
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Have a great weekend and week ahead,
Z
Hurricane Beryl become earliest Cat 4 on record.
June 30th, 2024 at 11:40 am