EU Blinks on Storage, SM Clears Legacy Debt: Wednesday Capital Markets Brief
SM Energy retires $400M in legacy Bonanza Creek notes. The EU backs flexibility on gas storage mandates. SLB locks in $2B at 10-year rates. WTI holds $101.
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Life Support: Iran Ceasefire Falters, Brent Nears $110, Qatar Goes Dark at Ras Laffan
Trump says the Iran ceasefire is on 'life support.' Brent nears $110. Qatar asks LNG vessels at Ras Laffan to switch off transponders. Japan and South Korea burn coal. Tuesday closes on structural disruption, not a spike.
Compression Technology Tuesday: NGS Record Quarter, Select Water Infrastructure Beat, and the TETRA Sector Read-Through
Ovintiv Q1 2026: Two-Basin Thesis Lands, Sub-0.8x Leverage Confirmed (OVV)
OVV Completes the Reset: NuVista Closed, Anadarko Gone, Net Debt Under 0.8x at $101 WTI
Ovintiv exited Q1 2026 with its portfolio transformation essentially complete. The $2.8 billion NuVista acquisition closed during the quarter, adding 100 MBOE/d of Montney production and 930 net well locations. The $2.85 billion Anadarko divestiture, which closed in April, funded a $700 million debt redemption and pushed
OPEC at a 26-Year Low, Kuwait at Zero: What Monday's Close Tells Operators About This Week
OPEC's April production hit a 26-year low at 20.04 million bpd. Kuwait exported zero crude for the first time since the Gulf War. Trump-Xi talks in Beijing this week are the market's live variable.
