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The ZLT was up 10.3% on the week last week as oil prices mounted Middle East tensions related bounce though better than expected economic data lended support as well. We expect to see more WTI short covering in next week's set of CFTC data. This week we continued to work through requested and owned names updates as we get ready to enter the 3Q24 reporting season.
Last week's posts:
Holdings Watch: We've been adding to oily and oil service positions during the recent dip and largely had things as we like them going into the week.
- There were no changes to the portfolio last week.
- The blotter is updated.
Housekeeping Watch:
Questions and comments under The Wrap will be addressed in the Monday post.
Questions about the site and/or subscriptions may be addressed to zmanalpha@gmail.com
We are going to be largely out of pocket this weekend.
Have a great weekend,
Z
Production Watch: Production on Friday was 100.9 Bcfgpd according to BNEF.
LNG Watch: LNG exports were 12.2 Bcfgpd on Friday according to BNEF.
SA article last week on PUMP
https://seekingalpha.com/article/4724277-propetro-solid-story-super-cheap-set-for-rebound