28
Jul
Wrap – Week Ended 7/26/24
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The ZLT was off 0.9% on the week last week. We're through the first two weeks of energy earnings with oil service and some gassy upstream player results having been taken fairly well. NAM 2H oil service outlooks are a little weaker than at the time of the 1Q calls but this didn't come as a surprise given rig and frac spread trends and 2025 is still viewed as a recovery year by most. In week 3 we get the first oily E&Ps results as well as more service, more gassy E&P, and some grid tied names of interest. Please see the calendar link at left for an updated list.
Holdings Watch:
- We added to LBRT at $21.41,
- We added to our ENPH position at $109.50, and
- QS at $6.19.
- The blotter is updated.
Questions and comments under The Wrap will be addressed in the Monday post.
Questions about the site may be addressed to zmanalpha@gmail.com
Have a good weekend,
Z
Production Watch: Production on Friday was 103.9 Bcfgpd according to BNEF. This is quite high and if we see more of this we would expect the Street to push up their End of Season thoughts north of 4 Tcf (joining us).
July 28th, 2024 at 1:03 pm