Themes / Group
Inactive · established relationshipLatest completed snapshot · Sep 11 · 16:08 ET

MARKET-DISCOVERED GROUP

Oil & Gas

THE TRADER READBroad relative move, confirmed beyond the cohort—but not by flow

7 of 12 measured session-normalized paths align to the downside across 7.2 effective names. Common-bar coverage spans 12 of 14 cohort members. CRL is also moving with filing-linked members. Capital-flow agreement is 9%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth5 up · 8 down-0.3% session-normalized median path
Capital-flow alignment9%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 10/100 · lift 0.8×
Evidence depth12 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 09:35–15:55 ET
TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.
  1. 5-minute inferenceBKR registered the first material downside path

    -0.53% session path at the threshold · BKR

  2. 5-minute inferenceBP registered a material upside path

    +0.41% session path at the threshold · BP

  3. 5-minute inferenceCNQ registered a material upside path

    +0.58% session path at the threshold · CNQ

  4. 5-minute inferenceVG registered a material upside path

    +1.86% session path at the threshold · VG

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.
THEME CONSTRUCTION

Broad move or one-stock disguise?

Session-normalized 5m paths

Observed movement is broad across 7.2 effective names. VG represents 24.9% of absolute path energy; 7 of 12 members align with the down relative path.

ConstructionBroad24.9% from the largest path
Effective names7.2 / 1212 of 14 cohort members had common bars
Direction breadth7/12 aligneddownside relative path · 5 counter-moving
Largest moverVG 24.9%43.2% from the top two paths
VG24.9%Counter-move · path +3.40% · basket +0.28pp
DINO18.3%Aligned contributor · path -2.50% · basket -0.21pp
NOV11.3%Aligned contributor · path -1.54% · basket -0.13pp
VIST9.5%Aligned contributor · path -1.29% · basket -0.11pp
BORR9.3%Aligned contributor · path -1.27% · basket -0.11pp
BTE7.4%Counter-move · path +1.01% · basket +0.08pp
BKR5.4%Aligned contributor · path -0.74% · basket -0.06pp
BP3.7%Counter-move · path +0.50% · basket +0.04pp
CNQ3.4%Counter-move · path +0.46% · basket +0.04pp
AESI2.6%Aligned contributor · path -0.35% · basket -0.03pp
FTI2.4%Counter-move · path +0.33% · basket +0.03pp
GLNG1.8%Aligned contributor · path -0.24% · basket -0.02pp
Top six names by movement share are shown. Movement share measures absolute 5-minute path energy; signed basket contribution is equal-weight. Neither is a portfolio weight or causal attribution.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred
  1. BKR moved lower firstFirst member to clear the material path threshold · path -0.53%
  2. BP registered a material higher path5m after the first price move · path +0.41%
  3. CNQ registered a material higher path5m after the first price move · path +0.58%
  4. VG registered a material higher path20m after the first price move · path +1.86%
  5. NOV registered a material lower path20m after the first price move · path -0.65%
  6. VIST registered a material lower path20m after the first price move · path -0.41%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized
Sep 11 · 09:35 ETMove visible 10:00 ETSep 11 · 15:55 ET
Group median -0.30%Strongest relative path VGWeakest relative path DINO

Observed member paths normalized to the session. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

No high-confidence shared filing driver is available. The market relationship is observed, but the cause remains unexplained.

CONFIRMATION NETWORK

Outsiders and cross-asset links

1 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

CRLMoving with group

BKR · text peer

PAANot confirming

DINO · text peer

FDSNot confirming

BKR · text peer

NESRNot confirming

BKR · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
DINOBKRFTICNQNOVVGYPFBTEGLNGWDSBPVISTBORRAESI

5/14 active6 rising · 8 falling

MemberUnusual activityToday's moveRead now
DINOHF Sinclair Corporation
Most unusual · 100/100
+0.1%
Aligned price + flowActive in 0% of observed group sessions
BKRBaker Hughes Company
Elevated · 82/100
-0.6%
Aligned price + flowActive in 0% of observed group sessions
FTITechnipFMC plc
Elevated · 79/100
+1.0%
Counter-move / dispersionActive in 0% of observed group sessions
CNQCanadian Natural Resources Limited
Elevated · 78/100
-1.4%
Counter-move / dispersionActive in 0% of observed group sessions
NOVNOV Inc.
Elevated · 66/100
-1.0%
Aligned price + flowActive in 0% of observed group sessions
VGVenture Global, Inc.
Elevated · 59/100
+2.0%
Counter-move / dispersionActive in 0% of observed group sessions
YPFYPF Sociedad Anónima
Quiet · 48/100
-1.0%
Watch / laggardActive in 0% of observed group sessions
BTEBaytex Energy Corp.
Quiet · 45/100
-0.6%
Watch / laggardActive in 0% of observed group sessions
GLNGGolar LNG Limited
Quiet · 44/100
+0.4%
Watch / laggardActive in 0% of observed group sessions
WDSWoodside Energy Group Ltd
Quiet · 27/100
-1.0%
Watch / laggardActive in 0% of observed group sessions
BPBP p.l.c.
Quiet · 26/100
+0.0%
Watch / laggardActive in 0% of observed group sessions
VISTVista Energy, S.A.B. de C.V.
Quiet · 21/100
-3.3%
Watch / laggardActive in 0% of observed group sessions
BORRBorr Drilling Limited
Quiet · 0/100
-2.1%
Watch / laggardActive in 0% of observed group sessions
AESIAtlas Energy Solutions Inc.
Quiet · 0/100
+1.9%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
DINOHF Sinclair CorporationMost unusual+0.1%0% of 0 sessionsMost unusual activity in this snapshot; performance direction may differ.
BKRBaker Hughes CompanyParticipating-0.6%0% of 0 sessionsPrice participation with accumulating signed flow.
FTITechnipFMC plcParticipating+1.0%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
CNQCanadian Natural Resources LimitedParticipating-1.4%0% of 0 sessionsPrice participation with distributing signed flow.
NOVNOV Inc.Participating-1.0%0% of 0 sessionsPrice participation with accumulating signed flow.
VGVenture Global, Inc.Participating+2.0%0% of 0 sessionsPrice participation with accumulating signed flow.
YPFYPF Sociedad AnónimaQuiet / lagging-1.0%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
BTEBaytex Energy Corp.Quiet / lagging-0.6%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
GLNGGolar LNG LimitedQuiet / lagging+0.4%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
WDSWoodside Energy Group LtdQuiet / lagging-1.0%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
BPBP p.l.c.Quiet / lagging+0.0%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
VISTVista Energy, S.A.B. de C.V.Quiet / lagging-3.3%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
BORRBorr Drilling LimitedQuiet / lagging-2.1%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
AESIAtlas Energy Solutions Inc.Quiet / lagging+1.9%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support12 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades
2026-09-0814 names in the durable cohort
2026-09-0414 names in the durable cohort
2026-09-0311 names in the durable cohort
2026-09-0211 names in the durable cohort
2026-09-0117 names in the durable cohort
2026-08-3111 names in the durable cohort
2026-08-2812 names in the durable cohort
2026-08-2714 names in the durable cohort
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
AESI0% · 0 episodes
BKR0% · 0 episodes
BORR0% · 0 episodes
BP0% · 0 episodes
BTE0% · 0 episodes
CNQ0% · 0 episodes
DINO0% · 0 episodes
FTI0% · 0 episodes
GLNG0% · 0 episodes
NOV0% · 0 episodes
VG0% · 0 episodes
VIST0% · 0 episodes
WDS0% · 0 episodes
YPF0% · 0 episodes