29
Apr

Thursday Morning – AR, OII

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Housekeeping Watch:  Are we using the correct email for you?  If you're not getting ZBLAST's or are getting them at the wrong address contact zman@zmansenergybrain.com

In today's post please find:

  • the oil inventory review (benign, slightly positive),
  • the natural gas preview (small build expected with consensus falling as the week progressed, more seasonal build next week),
  • comments on the AR 1Q21 report (big price based beat, bigger than expected free cash flow and therefore debt reduction; achieving debt metric targets much more quickly than expected),
  • CNX 1Q21 comments,
  • OII 1Q21 comments,
  • and some other odds and ends. 

Ecodata Watch:

  • We get jobless claims at 8:30 am EST (F = 528,000, last read was 547,000),
  • We get 1Q21 GDP at 8:30 am EST (F = 6.5%, last read was 4.3%),
  • We get pending home sales at 10 am EST (F = 5.4%, last read was -10.6%),
  • We get the EIA Natural Gas Storage Report at 10:30 am EST. 

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h
  3. Oil Inventory Review 
  4. Stuff We Care About Today - AR, CNX, OII, 1Q21 Energy Earnings Calendar, 1Q21 So Far This Quarter, ----
  5. Odds & Ends

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28
Apr

Wednesday Morning – ENPH, LBRT, FTCI

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Housekeeping Watch:  Are we using the correct email for you?  If you're not getting ZBLAST's or are getting them at the wrong address contact zman@zmansenergybrain.com

Market Sentiment Watch:

  • Fed day with more than the usual amount of tea leave reading likely.
  • Also it's OPEC+ day.  Potential for reduction in expected May and June de-curtailment is modest but there.
  • Congressional address with massive spending plans this evening.
  • Could be a pretty volatile day.

In today's post please find:

  • the oil inventory preview (benign report meets easy comps),
  • the natural gas inventory preview (small build with consensus edging lower),
  • LBRT 1Q21 comments,
  • ENPH 1Q21 comments,
  • Solar tracker FTCI priced well below their expected range,
  • and some other odds and ends.

Ecodata Watch:

  • We get advance trade in goods at 8:30 am EST (no forecast, last read was -$86.7 B),
  • We get the EIA oil inventory report at 10:30 am EST,
  • We get the Federal Reserve announcement at 2 pm EST followed by the Powell conference at 2:30 pm.

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watc​h - with oil and natural gas inventory previews
  3. Stuff We Care About Today - LBRT, ENPH, 1Q21 Calendar, 1Q21 So Far, QS, OII, FTCI
  4. Odds & Ends

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27
Apr

Tuesday Morning – FTCI IPO Preview, RRC, LBRT, ENPH

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In today's post please find:

  • the very early read on natural gas inventories,
  • RRC 1Q21 comments,
  • FTC Solar IPO preview,
  • ENPH 1Q21 preview/thoughts,
  • LBRT 1Q21 preview/thoughts,
  • and some other odds and ends.

Ecodata Watch:

  • We get Case-Shiller home prices at 9 am EST (no forecast, last read was 11.2%),
  • WE get consumer confidence at 10 am EST (no forecast, last read was 109.7),
  • We get API oil inventories at 4:30 pm EST.

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. Stuff We Care About Today –  RRC, FTCI, ENPH, LBRT, 1Q21 Calendar, ARRY, VCVC
  4. Odds & Ends

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26
Apr

Monday Morning

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In today's post please find:

  • The Week That Was,
  • The Five Things,
  • and some other odds and ends.

In case you missed The Wrap please click here.

 

Ecodata Watch:

  • We get durable goods at 8:30 am EST (no forecast, last read was -1.2%).

The Week Ahead: 

  • Tuesday - Case-Shiller home prices, consumer confidence, API oil inventories, 
  • Wednesday - OPEC Meeting, EIA oil inventories, Fed reserve announcement/press conference, 
  • Thursday - EIA natural gas storage, jobless claims, 1Q21 GDP, pending home sales, 
  • Friday - Personal income, consumer spending, core inflation, Chicago purchasing managers' index, consumer sentiment.  

In Today’s Post:

  1. Holdings Watch
  2. Commodity Watch
  3. The Week That Was
  4. Stuff We Care About Today – The Five Things, 1Q21 Calendar
  5. Odds & Ends

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Continue Reading »


24
Apr

Wrap – Week Ended 4/23/21

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Holdings Watch:

  • Better week for the ZLT.
  • We closed one dry gas position and entered a new oil service name for us.
  • The Blotter is updated. 

OPEC+ is meeting on 4/28.  Modest downside to previously disclosed May/June de-curtailment plan is possible given record new daily Covid-19 cases being seen in India and rising cases in Latin America.  We view U.S. / Iran JCPOA chatter as unlikely to impact near term OPEC+ planned levels.

First week of the 1Q21 energy earnings season went as or better than expected. Report load picks up smartly this week. Please see the Calendar tab at upper left on the site for details.

Questions and comments under The Wrap will be addressed in the Monday post. Questions about the site can be directed to zman@zmansenergybrain.com.

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