. . Market Sentiment Watch: Tariff war fears weighing on energy sentiment more than anything at this time (for commodities (worry over demand) and equities(dislocated from commodities already)). In today’s post please find the oil inventory preview (consensus looking for more crude draws, Cushing coming down and API reflected in line draws on both oil […]
. . Market Sentiment Watch: China back in everyone's focus. We get the new EIA STEO today (no good read on this month's change to the L48 oil forecast other than a suspicion that the forecast gets pushed out into the future). In today's post please find comments on the HPR quarter (in line, reiterates […]
. . Market Sentiment Watch: China data kicking the year off much better than expected with January exports rising 9.1% (a drop of 3.2% was the consensus forecast) while imports were only off 1.5% (a 10% drop was expected; though imports from the U.S. tanked 41%). In energyland, due to reserve reporting requirements, 4Q earnings are spread […]
. . Market Sentiment Watch: Markets and energy especially have been tractionless. We expect oil to lead the way to traction in coming days/weeks. In the meantime, we are running 2019 decks at our $60 / $3.25 deck with sensitivities above and below and comparing vs valuations at current levels. Things generally look well overdone. In today's […]
. . Market Sentiment Watch: In energy land most eyes are focused on inventories as refiners climb back out of maintenance season and after oil fell for a rare 7 consecutive seasons going into the U.S. midterms. In today's post please find comments on the FANG quarter, comments on the PXD quarter (beat; rising Permian only production […]
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