Monday Macro View – U.S. shale continues to show strength
FSC rose 5 to 174, FJC also gained, and now sits higher above its year-ago level. But we are also witnessing something deeper. Service crews that were available easily before February 2026 are now booked until year end. What does this mean for the outlook of shale industry this year? Are there any particular pressure pumpers that we are looking at? Find answers to these questions in this week’s Monday Macro View.*
Market Sentiment Tracker – What is Fed’s next move?
Powell has no reason to move in either direction right now, and the data this week reinforces that position. The ECB faces a structurally worse version of the same problem. But what options do they have? Japanese policymakers have spent decades trying to generate inflation and now face the uncomfortable task of responding to it with a domestic economy that is not uniformly strong. Read all of this in our Market Sentiment Tracker*.
Take Three: Technip, ProPetro, Halliburton
In this section we specifically cover the OFS industry and its outlook. These three articles talk about Technip’s cashflows and balance sheet. What is their outlook by the year end? Similarly, ProPetro’s completions outlook is turning constructive. But which division is expected to perform the best? The operating cashflow declined. Why? Finally, Halliburton’s management revealed during the Q1 earnings call that Middle East disruptions are likely to drive a sustained shift toward energy security and supply diversification. What does this mean for their cashflow? Also, the company has significant international operations – will it impact that? Very important questions! You will find answer to all these in our Take Three series: Technip FMC, ProPetro, Halliburton.
If You’re Still Relying on Lagging Data, You’re Already Behind. EFRACS shows where activity is moving before production reacts.
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