Themes · energy

Energy (oil & gas)

Producers, services and the oil trade. As of the 2026-09-15 session · marker XLE.

Movers · last 20 sessions

38%

of 26 members moved >10%

10 up · 0 down

direction of those moves

43%

of the 721 liquid names moved >10%

97 up · 212 down

the universe, same window

A move is a move in either direction. The base rate is what a random liquid name did over the same 20 sessions; a theme that moves more than the base rate is unusual, not right.

Members · the tape

Ticker	Sector	Bucket	Last	20d	5d	Notable days (14)	Play fired (last 14d)
CRGY	Oil & Gas	Oil & Gas	$15.34	+20.9%	+8.1%	1	—
CLMT	Oil & Gas	Oil & Gas	$57.80	+17.8%	+6.6%	1	—
DK	Oil & Gas	Oil & Gas	$79.01	+17.6%	+4.4%	4	—
SM	Oil & Gas	Oil & Gas	$41.24	+16.2%	+9.2%	2	—
MPC	Oil & Gas	Oil & Gas	$412.19	+15.1%	+3.1%	—	—
APA	Oil & Gas	Oil & Gas	$47.49	+14.1%	+8.9%	1	—
VLO	Oil & Gas	Oil & Gas	$397.50	+14.0%	+3.3%	—	—
COP	Oil & Gas	Oil & Gas	$141.33	+11.1%	+4.7%	—	—
PR	Oil & Gas	Oil & Gas	$24.52	+10.6%	+2.9%	—	—
PSX	Oil & Gas	Oil & Gas	$266.39	+10.4%	+2.5%	—	—
DVN	Oil & Gas	Oil & Gas	$51.29	+7.8%	+5.4%	2	—
OXY	Oil & Gas	Oil & Gas	$63.43	+7.5%	+4.3%	3	—
CVX	Oil & Gas	Oil & Gas	$217.77	+7.1%	+3.5%	—	—
VNOM	Oil & Gas	Oil & Gas	$45.80	+5.9%	+2.9%	2	—
AR	Oil & Gas	Oil & Gas	$38.83	+5.9%	-0.4%	—	—
EOG	Oil & Gas	Oil & Gas	$153.44	+5.0%	+5.6%	3	—
CRK	Oil & Gas	Oil & Gas	$14.31	+4.9%	-5.6%	2	—
XOM	Oil & Gas	Oil & Gas	$169.45	+4.9%	+5.3%	—	—
FANG	Oil & Gas	Oil & Gas	$211.50	+2.5%	+5.5%	1	—
HAL	Oil & Gas	Oil & Gas	$35.78	+2.5%	-3.1%	3	—
NUAI	Oil & Gas	Oil & Gas	$5.50	-1.8%	-15.0%	1	—
SLB	Oil & Gas	Oil & Gas	$54.22	+0.7%	-5.5%	3	Quiet Institutional Options Accumulation 2026-09-02
PBF	Oil & Gas	Oil & Gas	$74.85	-0.4%	-2.5%	—	—
RIG	Oil & Gas	Oil & Gas	$5.91	+0.3%	+1.7%	1	—
EQT	Oil & Gas	Oil & Gas	$53.15	+0.3%	-4.4%	1	—
EXE	Oil & Gas	Oil & Gas	$94.23	-0.1%	-4.0%	3	—

All 26 members shown.

Investors · who is in, who is only talking

36 people bullish, 4 of them positioned; 4 bearish, 0 of them positioned (last 90 days, latest dated view per person).

Bullish	Stance	Date	Where	Said as
Jeff Currie	view only	2026-09-11	Bloomberg The Close	Oil
Tom Lee (Fundstrat)	view only	2026-09-10	Wealthion	Energy
David Rosenberg	view only	2026-09-02	David Lin	Oil
Sarah Guo	positioned	2026-09-01	Invest Like the Best	Energy
Paul Sankey	view only	2026-08-31	Bloomberg Surveillance	Energy
Sarah Hunt	view only	2026-08-31	Bloomberg Surveillance	Energy
Patrick Ceresna (Macro Voices)	view only	2026-08-25	Macro Voices	Oil
Lyn Alden	positioned	2026-08-25	LifeWorthLiving	Energy
Quinn Thompson	view only	2026-08-20	Forward Guidance	Oil
Luke Gromen	view only	2026-08-20	Futures Edge Podcast: Finance Unfiltered	Oil
Bobby Iaccino	view only	2026-08-20	Luke Gromen	Oil
David Woo	positioned	2026-08-18	Wealthion	Oil
Ben Thompson	view only	2026-08-18	Invest Like the Best	Energy
Chris Whalen	view only	2026-08-15	Julia La Roche Show	Energy
Michael Batnick	view only	2026-08-14	The Compound	Energy
Michael Howell	view only	2026-08-13	Macro Voices	Oil
Art Berman	view only	2026-08-13	Wealthion	Oil
Joe Terranova (Virtus)	view only	2026-08-11	CNBC Halftime Final Trades	Energy
Eric Vishria	view only	2026-08-11	Invest Like the Best	Energy
Jesse Felder	view only	2026-08-04	Wealthion	Energy
Jeffrey Gundlach	view only	2026-08-03	DoubleLine Capital	Oil
Andrew Sarna	view only	2026-07-31	Wealthion	Energy
Bill Nygren	view only	2026-07-30	GuruFocus	Energy
Louis Vincent Gave	view only	2026-07-28	Louis-Vincent Gave	Energy
Brett Rentmeester	view only	2026-07-27	Wealthion	Energy
Scott Galloway	view only	2026-07-22	Prof G Pod (Galloway)	Energy
Mark Mills	view only	2026-07-22	Wealthion	Energy
Peter Boockvar	view only	2026-07-10	Louis-Vincent Gave	Energy
Rick Rule	view only	2026-07-10	Wealthion	Energy
Jim Lebenthal (Cerity)	view only	2026-07-08	CNBC Halftime Final Trades	Energy
Ray Wang	view only	2026-07-07	Bloomberg Television	Energy
Mike Aikens	view only	2026-07-06	CNBC Television	Energy
Vlad Barbalat	positioned	2026-06-23	Invest Like the Best	Energy
Nouriel Roubini	view only	2026-06-22	Bloomberg Television	Energy
Seth Klarman	view only	2026-06-19	Bloomberg Podcasts	Energy
Erik Townsend	view only	2026-06-18	Macro Voices	Oil

Bearish	Stance	Date	Where	Said as
Cathie Wood	view only	2026-09-04	ARK Invest	Oil
Unknown	view only	2026-07-12	Fox Business	Oil
Donald Trump	view only	2026-07-09	CNBC International	Oil
Jay Hatfield (Infrastructure Capital)	view only	2026-07-08	Yahoo Finance	Oil

Our record on this theme

2 published picks; 2 matured to 20 sessions: mean +12.7% · median +12.7% · 2 up / 0 down.

Ticker	Play	Published	10d	20d	State
NUAI	Institutional Position Building	2026-07-08	+29.4%	+15.4%
PR	Smart-Money Options Divergence	2026-06-17	-0.9%	+10.0%

Every published pick inside the theme, losers included. A matured row is a close-to-close move from the pick's entry; open rows have no 20-session number yet.

Entrants · small-cap 8-Ks read into this theme (last 60 days)

Filed	Ticker	Company	What	Read
2026-09-14	PAGP	PLAINS GP HOLDINGS LP	financing	Plains All American Pipeline (crude oil midstream) raised $1.5B in junior subordinated notes and filed pro forma financials for its 2025 acquisition of the Cactus III crude oil pipeline; routine capital markets activity for an existing ENERGY-theme operator. “$700,000,000 aggregate principal amount of 6.750% Series A Junior Subordinated Notes due 2056 and $800,000,000 aggregate principal amount of 7.000% Series B Junior Subordinated Notes due 2056” filing
2026-09-14	BKV	BKV Corp	financing	BKV Corp, a natural gas producer, raised ~$554.7M net proceeds via convertible senior notes to repay debt and fund capital expenditures in its existing energy business. “BKV Corporation issued $575,000,000 aggregate principal amount of its 1.625% Convertible Senior Notes due 2031...net proceeds...approximately $554.7 million” filing convertible notes issuance $575,000,000 (2026-09-14) — “BKV Corporation issued $575,000,000 aggregate principal amount of its 1.625% Convertible Senior Notes due 2031” net proceeds approximately $554.7 million (2026-09-14) — “The net proceeds from the offering of the Notes were approximately $554.7 million after deducting the Initial Purchasers' discounts and commissions and the Company's estimated offering expenses.”
2026-09-10	BKV	BKV Corp	financing	BKV Corporation, a natural gas E&P company, priced a $500 million convertible senior notes offering due 2031 to fund capital expenditures and repay existing debt. “BKV intends to use the remainder of the net proceeds for general corporate purposes, including the repayment of outstanding indebtedness and capital expenditures” filing
2026-09-09	DEC	Diversified Energy Co	m&a	Diversified Energy agreed to acquire Birch Permian Holdings for approximately $1.8 billion, adding ~46,000 net mineral acres and 500 operated wells in the Midland Basin funded largely by an asset-backed securitization. “acquire approximately 46,000 net mineral acres in the Midland Basin, including 500 gross operated (480 net total) wells, as well as integrated midstream and water infrastructure assets” filing acquisition price approximately $1.8 billion (Q4 2026 expected close) — “The aggregate purchase price for the Transactions is approximately $1.8 billion (inclusive of repayment of indebtedness)” ABS financing approximately $1.5 billion (Q4 2026) — “expected to be funded by an asset-backed securitization of approximately $1.5 billion in advance of closing” merger consideration approximately $1.1 billion (Q4 2026) — “purchase price of approximately $1.1 billion (inclusive of repayment of indebtedness) to be delivered at closing” MIP interest acquisition price approximately $281 million (Q4 2026) — “The MIP Purchase Agreement provides for a purchase price of approximately $281 million (inclusive of repayment of indebtedness) to be delivered at closing”
2026-09-08	PTEN	PATTERSON UTI ENERGY INC	update	Patterson-UTI Energy, an established oilfield drilling and completions services company, provides a routine quarterly investor update with no new theme entry or pivot. “Delivering best-in-class Drilling and Completions services and products… Premium Tier-1 drilling rigs and natural gas-powered frac assets are in high demand with limited supply” filing capital expenditures net of asset sales (guidance) approximately $600 million (FY 2026) — “2026 Capital Expenditures, net of asset sales, expected to be approximately $600 million” average active US drilling rigs 100 rigs (Q3 2026 (first two months)) — “Averaged 100 rigs in the United States through the first two months of the third quarter of 2026” expected active rigs at Q3 exit 104 active rigs (Q3 2026 exit) — “Expect to exit Q3 with 104 active rigs; additional rig reactivations expected beyond Q3 exit” hydraulic horsepower (deployed and idle) 2.7 Million (Q2 2026) — “2.7 Million Hydraulic Horsepower — Reflects deployed and idle equipment capacity during the second quarter of 2026.”
2026-09-08	KOS	Kosmos Energy Ltd.	financing	Kosmos Energy, an oil and gas producer, announced a partial redemption of $25M of its 2027 senior notes — routine balance sheet management for an existing E&P company. “Kosmos Energy Ltd. will issue a notice of partial redemption with respect to $25,000,000 aggregate principal amount of its 7.750% senior notes due 2027” filing debt redeemed $25,000,000 (September 18, 2026) — “partial redemption with respect to $25,000,000 aggregate principal amount of its 7.750% senior notes due 2027”
2026-09-04	LPG	DORIAN LPG LTD.	capacity	Dorian LPG orders three new dual-fuel VLGCs for $345M delivery in 2030, refinances $368.4M in existing debt, and reports 99% of Q3 fleet days fixed above $88,000/day. “entered into an agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel Panamax VLGCs for delivery in June, September, and December of 2030 for a total price of approximately $345 million” filing newbuilding contract value approximately $345 million (delivery 2030) — “entered into an agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel Panamax VLGCs for delivery in June, September, and December of 2030 for a total price of approximately $345 million” credit facility size $368.4 million (September 2, 2026) — “entered into a new seven year $368.4 million credit facility to refinance existing indebtedness” Q3 fleet utilization rate 99% of calendar days at a rate in excess (Q3 2026 (quarter ending September 30, 20) — “it has fixed 99% of its calendar days at a rate in excess of $88,000 per day”
2026-09-03	DEC	Diversified Energy Co	m&a	Diversified Energy is acquiring Permian Basin oil and gas producer Birch for ~$1.8B, expanding its four-basin PDP operating model and boosting production ~35% and Adjusted EBITDA ~55%. “definitive acquisition agreements to acquire Birch Permian Holdings, Inc. and certain affiliated companies, a leading independent oil and gas producer with operations in the Permian Basin” filing acquisition value approximately $1.8 billion (at close (expected Q4 2026)) — “The Acquisition is valued at approximately $1.8 billion, which will be primarily funded through an issuance of an Asset Backed Securitization ("ABS") of approximately $1.5 billion” annualized Adjusted EBITDA (Birch contribution) approximately $548 million (annualized, pro forma) — “add approximately $548 million of annualized Adjusted EBITDA from a high-margin asset base. The combination of vertical integration, low operating costs, ~80% EBITDA margins” production increase ~35% (pro forma at close) — “estimated 35% increase in production volume from relatively low decline assets, and estimated 55% increase in Adjusted EBITDA” pro forma gross sales volumes ~2.5 Bcfepd (~1.6 Bcfepd net) (pro forma at close) — “Pro forma gross volumes under Diversified Energy's operated control are expected to reach approximately 2.5 Bcfepd (~1.6 Bcfepd net).” strategic partnership capacity (Carlyle) up to $10 billion (ongoing) — “the parties may pursue up to $10 billion of potential PDP acquisition opportunities over time, subject to mutual agreement and transaction-specific approvals”
2026-09-03	HLX	HORNBECK OFFSHORE SERVICES, INC.	m&a	Hornbeck Offshore completed its merger with Helix Energy Solutions on September 1, 2026, forming a combined deepwater offshore services leader with 85 vessels, $2.0bn backlog, and $551mm LTM Adjusted EBITDA. “Combination creates a premier integrated offshore services company providing innovative marine and subsea solutions to customers across the deepwater oilfield, defense and renewables industries” filing total backlog $2.0bn (as of 2Q2026) — “Total backlog as of 2Q2026” LTM Adj. EBITDA $551mm (LTM as of June 30, 2026) — “Reflects the sum of Hornbeck's and Helix's 2Q2026 LTM Adjusted EBITDA as of June 30, 2026.” market capitalization ~$3.4bn (as of 8/31/2026) — “Market capitalization calculated using pro forma fully diluted shares outstanding of ~327mm as of 8/31/2026 and Helix closing price per share of $10.30 as of 8/31/2026.” net leverage 0.4x (as of June 30, 2026) — “As of June 30, 2026, pro forma net leverage displayed includes impact of transaction-related fees and expenses; Net Debt is a non-GAAP financial measure”
2026-09-01	HLX	HORNBECK OFFSHORE SERVICES, INC.	m&a	Helix Energy Solutions completed its acquisition of Hornbeck Offshore Services and renamed itself Hornbeck Offshore Services, consolidating two offshore oil-and-gas services companies under a single entity. “Parent Sub merged with and into Legacy Hornbeck…with Legacy Hornbeck surviving the First Company Merger as a wholly owned subsidiary of Helix Delaware” filing
2026-08-31	TDW	TIDEWATER INC	m&a	Tidewater closed its acquisition of WSUT, adding 22 platform supply vessels to expand its offshore oil and gas support fleet presence in Brazil. “Tidewater Inc...completed its acquisition...of Wilson, Sons Ultratug Participações S.A....which include a fleet of 22 platform supply vessels” filing
2026-08-31	HLX	HELIX ENERGY SOLUTIONS GROUP INC	m&a	Helix Energy Solutions shareholders approved its all-stock merger with Hornbeck Offshore Services, forming a combined offshore energy services company; transaction expected to close September 1, 2026. “Helix shareholders have approved the proposals necessary to complete the previously announced all-stock combination of Helix and Hornbeck...an integrated offshore services company with enhanced scale, expanded capabilities” filing
2026-08-26	NOG	NORTHERN OIL & GAS, INC.	financing	Northern Oil and Gas issued $500 million in senior notes due 2034 to fund ongoing oil and gas operations as an established non-operated E&P company. “the Company issued $500,000,000 in aggregate principal amount of the Company's 7.500% Senior Notes due 2034” filing senior notes issuance $500,000,000 (2026-08-26) — “the Company issued $500,000,000 in aggregate principal amount of the Company's 7.500% Senior Notes due 2034”
2026-08-25	PARR	PAR PACIFIC HOLDINGS, INC.	m&a	Par Pacific is exiting its 46% stake in Laramie Energy via a $485M oil and gas asset sale, expecting to receive roughly $146M in net proceeds. “Laramie Energy, LLC...entered into a definitive agreement...to sell substantially all of its oil and gas assets to the Purchaser...for $485 million in cash” filing transaction value $485 million (closing expected by end of 2026) — “the Seller agreed to sell substantially all of its oil and gas assets to the Purchaser...for $485 million in cash” Par Pacific expected proceeds approximately $146 million (at closing) — “the Company...expects to receive approximately $146 million of the Transaction consideration (of which approximately $27.5 million is payable on the fifth anniversary of the closing date)” potential earn-out to Par Pacific up to approximately $30 million (first through fifth anniversaries of clo) — “is eligible to receive up to approximately $30 million of the earn-out payments”
2026-08-19	NOG	NORTHERN OIL & GAS, INC.	financing	Northern Oil and Gas priced its $500M 7.5% senior notes due 2034 at par to repay revolving credit, completing the financing announced earlier the same day. “priced a private offering...of $500 million in aggregate principal amount of 7.500% senior notes due 2034...at par...to repay a portion of the outstanding borrowings under its revolving credit facility” filing
2026-08-19	NOG	NORTHERN OIL & GAS, INC.	financing	Northern Oil and Gas announced a proposed $500M senior notes offering to repay revolving credit borrowings, routine balance-sheet financing for an established oil and gas non-operator. “NOG is the largest publicly traded dedicated non-operator in the United States, built on a differentiated strategy of acquiring non-operated minority working interests and mineral rights across the premier basins” filing
2026-08-18	WBI	WaterBridge Infrastructure LLC	financing	WaterBridge, an oil-and-gas produced water midstream company, raised $150M in upsized senior notes to repay revolving credit borrowings. “WaterBridge is a leading integrated, pure-play water infrastructure company with operations predominantly in the Delaware Basin, the most prolific oil and natural gas basin in North America” filing

All 17 filings the analyst filed here are shown.

An analyst model reads every 8-K from a universe company under $5B and files it under the theme it enters or reports inside, quoting the filing. This says who walked in and what they said; whether entrants outperform is a separate question we have not measured.

Membership is a current classification, not a history: a name that entered the theme last month reads as if it were always here. Entrants come from 8-Ks of universe companies under $5B only. Nothing on this page is a recommendation; the tape says what is unusual, the voices say who is in, the record says how our own picks did, the filings say who walked in.