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The Frac Discount Re-Rating: Why PUMP, PTEN, and LBRT Are Finally Catching a Bid at $107 WTI

The Frac Discount Re-Rating: Why PUMP, PTEN, and LBRT Are Finally Catching a Bid at $107 WTI

Frac sector | Sources: PUMP 10-Q (filed April 30, 2026), LBRT 10-Q (filed April 23, 2026), PTEN 10-Q (filed April 28, 2026); SEC EDGAR; Alpha Vantage price data as of May 1, 2026; EIA production data The frac sector can't catch a break — even at $107

WTI Breaks $107 as Devon-Coterra Vote Opens: The Week That Resets US Upstream

WTI Breaks $107 as Devon-Coterra Vote Opens: The Week That Resets US Upstream

WTI opens at $107.42 as Devon Energy and Coterra Energy shareholders vote on their all-stock merger. The frac sector discount to crude is running out of fundamental justification.

The Frac Discount: PUMP, PTEN, and LBRT at Cycle Lows While Crude Trades Near $100

The Frac Discount: PUMP, PTEN, and LBRT at Cycle Lows While Crude Trades Near $100

Three services majors just reported organic NA revenue contraction. The frac independents are priced for more of the same. Here's what the SLB strip actually shows — and what it would take to close the gap.

Weekly Setup: $101 Brent, Mega-Major Earnings Thursday, Devon-Coterra Countdown

Weekly Setup: $101 Brent, Mega-Major Earnings Thursday, Devon-Coterra Countdown

The week opens with WTI at $96 and Brent back above the $100 handle, as two of the biggest market events in months land on this week's calendar. ExxonMobil and Chevron report Q1 2026 results Thursday. The Devon-Coterra shareholder vote fires next Monday, May 4. This is