EVIDENCE CLOCK
0 timed eventsWhat happened, in timestamp order
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.
No session event has enough timestamp precision to place on the clock.
MARKET-DISCOVERED GROUP
Oil & Gas Midstream
THE TRADER READRecurring relationship, inactive in the latest snapshot
Price direction is split across 12 measured members. Capital-flow agreement is 27%, so the basket is not yet clean.
Price breadth9 up · 2 downRelative median unavailable
Capital-flow alignment27%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 3/100 · lift 0.8×
Evidence depth8 episodes35 observed active sessions
01 · WHAT IS HAPPENING
The move, the flow and who is driving it
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT
Session-normalizedHow the members are behaving together
Observed intraday paths are not available for this group yet.
02 · WHY IT MATTERS
Why now and where the move could travel
WHY NOW
0 itemsVerified recent context
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
4 outsiders confirmingOutsiders and cross-asset links
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.
03 · WHO IS IN IT
Member participation
TRMDFROINSWTNKDHTSTNGCMBTBWLPTKLPGNVGSTEN
5/12 active10 rising · 2 falling
MemberUnusual activityToday's moveRead now
TRMDTORM plc
Elevated · 100/100
-2.4%
Flow confirmerActive in 45.7% of observed group sessions
FROFrontline plc
Elevated · 98/100
+2.6%
Flow confirmerActive in 17.1% of observed group sessions
INSWInternational Seaways, Inc.
Most unusual · 79/100
-2.4%
Flow confirmerActive in 45.7% of observed group sessions
TNKTeekay Tankers Ltd.
Elevated · 78/100
+2.0%
Flow confirmerActive in 40% of observed group sessions
DHTDHT Holdings, Inc.
Elevated · 70/100
+1.0%
Flow confirmerActive in 20% of observed group sessions
STNGScorpio Tankers Inc.
Elevated · 53/100
+2.0%
Active; unclassifiedActive in 57.1% of observed group sessions
CMBTCmb.Tech NV
Quiet · 23/100
+0.0%
Watch / laggardActive in 22.9% of observed group sessions
BWLPBW LPG Limited
Quiet · 18/100
+2.2%
Watch / laggardActive in 22.9% of observed group sessions
TKTeekay Corporation Ltd.
Quiet · 0/100
+2.0%
Watch / laggardActive in 5.7% of observed group sessions
LPGDorian LPG Ltd.
Quiet · 0/100
+1.6%
Watch / laggardActive in 0% of observed group sessions
NVGSNavigator Holdings Ltd.
Quiet · 0/100
+1.4%
Watch / laggardActive in 17.1% of observed group sessions
TENTsakos Energy Navigation Limited
Quiet · 0/100
+0.8%
Watch / laggardActive in 8.6% of observed group sessions
View exact member values
| TICKER | Company | Role now | Today | Observed history | Trader interpretation |
|---|---|---|---|---|---|
| TRMD | TORM plc | Participating | -2.4% | 45.7% of 35 sessions | Price participation with accumulating signed flow. |
| FRO | Frontline plc | Participating | +2.6% | 17.1% of 35 sessions | Price participation with accumulating signed flow. |
| INSW | International Seaways, Inc. | Most unusual | -2.4% | 45.7% of 35 sessions | Most unusual activity in this snapshot; performance direction may differ. |
| TNK | Teekay Tankers Ltd. | Participating | +2.0% | 40% of 35 sessions | Price participation with accumulating signed flow. |
| DHT | DHT Holdings, Inc. | Participating | +1.0% | 20% of 35 sessions | Price participation with accumulating signed flow. |
| STNG | Scorpio Tankers Inc. | Participating | +2.0% | 57.1% of 35 sessions | Price participation is not yet confirmed by per-name flow. |
| CMBT | Cmb.Tech NV | Quiet / lagging | +0.0% | 22.9% of 35 sessions | Not participating yet; a breadth test or a genuine divergence. |
| BWLP | BW LPG Limited | Quiet / lagging | +2.2% | 22.9% of 35 sessions | Not participating yet; a breadth test or a genuine divergence. |
| TK | Teekay Corporation Ltd. | Quiet / lagging | +2.0% | 5.7% of 35 sessions | Not participating yet; a breadth test or a genuine divergence. |
| LPG | Dorian LPG Ltd. | Quiet / lagging | +1.6% | 0% of 35 sessions | Not participating yet; a breadth test or a genuine divergence. |
| NVGS | Navigator Holdings Ltd. | Quiet / lagging | +1.4% | 17.1% of 35 sessions | Not participating yet; a breadth test or a genuine divergence. |
| TEN | Tsakos Energy Navigation Limited | Quiet / lagging | +0.8% | 8.6% of 35 sessions | Not participating yet; a breadth test or a genuine divergence. |
04 · HAS THIS HAPPENED BEFORE
Identity history versus measured outcomes
POINT-IN-TIME LIVE OUTCOMES
7/7 events completedObserved follow-through
30 minutes+0.09%67% continuation · n=3Median MFE +0.21% · MAE -0.52%
60 minutes-0.08%33% continuation · n=3Median MFE +0.21% · MAE -0.52%
Session close-0.08%33% continuation · n=3Median MFE +0.21% · MAE -0.52%
Next-session close-0.08%33% continuation · n=3Median MFE +0.21% · MAE -0.52%
moderate structural support
8 completed episodes across 35 active sessions provide moderate historical support. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.
Structural support113 daysHow often the cohort identity was observed
Completed episodes8Separate periods of broad group activity
Active sessions35Completed session observations, not trades