Active · established relationshipLatest completed snapshot · Jul 14 · 18:03 ET

MARKET-DISCOVERED GROUP

Oil & Gas Services

THE TRADER READBroad price confirmation, weak flow alignment

2 of 2 measured members are rising. Capital-flow agreement is 0%, so the basket is not yet clean.

Price breadth2 of 2 risingRelative median unavailable

Capital-flow alignment0%Price breadth is not yet confirmed by flow

Activity nowNormalActivity score 59/100 · lift 1.0×

Evidence depth2 episodesLow sample—context, not a validated playbook

EVIDENCE CLOCK

What happened, in timestamp order

0 timed events

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.

2 earlier filing context receipts

WED, FEB 25DNOW filing documented shared operating contextcredit / rates affecting interest expense · date precision only

WED, JUL 22OII filing documented shared operating contextcredit / rates affecting interest expense · date precision only

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations

Price sequence unavailableA timestamped price sequence is unavailable.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

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

3/3 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across DNOW, OII, WTTR.

credit / rates affecting interest expense

“Other The following table sets forth our significant financial statement items below the income (loss) from operations line: Three Months Ended Six Months Ended (in thousands) Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Jun 30, 2025 Interest income $ 4,904 $ 3,017 $ 9,965 $ 6,661 Interest expense, net of amounts capitalized (8,456) (9,472) (17,561) (18,547) Equity in income (losses) of unconsolidated affiliates 1,210 311 1,487 673 Other income (expense), net 182 5,371 990 6,346 Provision (benefit) for income taxes 22,497 23,974 41,219 42,975 Interest income for the three- and six-month periods ended June 30, 2026 as compared to the corresponding periods of the prior year increased primarily due to higher average interest-earnings cash balances in 2026.”
OII 10-Q · 2026-07-23

demand / volume

“Despite recent macroeconomic uncertainty, including as a result of U.S. tariff policy and retaliatory tariffs, we believe that ongoing global demand for energy will continue to benefit our Energy business.”
OII 10-Q · 2025-10-23

credit / rates affecting expense

“Other expense was $10 million and $20 million for the three and six months ended June 30, 2026 and was primarily attributable to interest expense on borrowings associated with the acquisition of MRC Global completed in the fourth quarter of 2025.”
DNOW 10-Q · 2026-08-06

CONFIRMATION NETWORK

Outsiders and cross-asset links

0 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.

NGLNot confirming

WTTR · text peer

FETRelationship only · live confirmation unavailable

DNOW · text peer

LBNot confirming

WTTR · text peer

PUMPNot confirming

WTTR · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately

OIIWTTRDNOW

3/3 active2 rising · 0 falling

MemberUnusual activityToday's moveRead now

OIIOceaneering International, Inc.

Most unusual · 100/100

+1.1%

Flow confirmerActive in 100% of observed group sessions

WTTRSelect Water Solutions, Inc.

Elevated · 94/100

—

Flow confirmerActive in 100% of observed group sessions

DNOWDNOW Inc.

Elevated · 86/100

+0.9%

Flow divergenceActive in 0% of observed group sessions

View exact member values

TICKER	Company	Role now	Today	Observed history	Trader interpretation
OII	Oceaneering International, Inc.	Most unusual	+1.1%	100% of 3 sessions	Most unusual activity in this snapshot; performance direction may differ.
WTTR	Select Water Solutions, Inc.	Participating	—	100% of 3 sessions	Price participation with accumulating signed flow.
DNOW	DNOW Inc.	Participating	+0.9%	0% of 3 sessions	Price participation with distributing signed flow.

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.

Low structural sample

Only 2 completed episodes across 3 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 support9 daysHow often the cohort identity was observed

Completed episodes2Separate periods of broad group activity

Active sessions3Completed session observations, not trades

2026-07-081 active session100% composition consistency through the episode

2026-07-01 → 2026-07-022 active sessions66.7% composition consistency through the episode

MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS

OII100% · 2 episodes

WTTR100% · 2 episodes

DNOW0% · 0 episodes