Themes / Group
Inactive · established relationshipLatest completed snapshot · Sep 30 · 18:28 ET

MARKET-DISCOVERED GROUP

Oil & Gas

THE TRADER READEFXT dominates an otherwise mixed group path

5 of 12 measured session-normalized paths align to the upside across 3.4 effective names. PTEN, AR are also moving with filing-linked members. Capital-flow agreement is 30%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth4 up · 8 down+0.4% session-normalized median path
Capital-flow alignment30%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 2/100 · lift 0.8×
Evidence depth10 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 15:30–13:15 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 inferenceINR registered the first material downside path

    -0.94% session path at the threshold · INR

  2. 5-minute inferenceWTI registered a material downside path

    -0.42% session path at the threshold · WTI

  3. 5-minute inferenceSD registered a material upside path

    +0.37% session path at the threshold · SD

  4. 5-minute inferenceEFXT registered a material upside path

    +12.72% session path at the threshold · EFXT

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 concentrated across 3.4 effective names. EFXT represents 51.2% of absolute path energy; 5 of 12 members align with the up relative path.

ConstructionConcentrated51.2% from the largest path
Effective names3.4 / 12Movement diversity after concentration
Direction breadth5/12 alignedupside relative path · 3 counter-moving
Largest moverEFXT 51.2%60.6% from the top two paths
EFXT51.2%Dominant mover · path +12.72% · basket +1.06pp
TPL9.4%Aligned contributor · path +2.33% · basket +0.19pp
TTE9.1%Counter-move · path -2.26% · basket -0.19pp
OIS8.6%Aligned contributor · path +2.13% · basket +0.18pp
VET5.5%Aligned contributor · path +1.36% · basket +0.11pp
INR5.1%Counter-move · path -1.26% · basket -0.10pp
BKR2.9%Aligned contributor · path +0.71% · basket +0.06pp
WTI2.8%Counter-move · path -0.70% · basket -0.06pp
KRP2.0%Flat / inactive path · path +0.49% · basket +0.04pp
SD1.6%Flat / inactive path · path +0.41% · basket +0.03pp
FTI1.4%Flat / inactive path · path +0.34% · basket +0.03pp
NOV0.5%Flat / inactive path · path -0.13% · basket -0.01pp
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. INR moved lower firstFirst member to clear the material path threshold · path -0.94%
  2. WTI registered a material lower path0m after the first price move · path -0.42%
  3. SD registered a material higher path5m after the first price move · path +0.37%
  4. EFXT registered a material higher path1285m after the first price move · path +12.72%
  5. TPL registered a material higher path1285m after the first price move · path +2.33%
  6. TTE registered a material lower path1285m after the first price move · path -2.26%

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 30 · 15:30 ETMove visible 15:55 ETOct 1 · 13:15 ET
Group median +0.45%Strongest relative path EFXTWeakest relative path TTE

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

2 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.

PTENMoving with group

OIS · text peer

ARMoving with group

SD · text peer

AMNot confirming

SD · text peer

CHRDNot confirming

NOV · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
SDBKRKRPTPLINROISWTIVETFTIEFXTNOVTTE

5/12 active4 rising · 8 falling

MemberUnusual activityToday's moveRead now
SDSandRidge Energy, Inc.
Most unusual · 100/100
+0.7%
Active; unclassifiedActive in 0% of observed group sessions
BKRBaker Hughes Company
Elevated · 68/100
-1.9%
Aligned price + flowActive in 0% of observed group sessions
KRPKimbell Royalty Partners, LP
Elevated · 67/100
-0.1%
Active; unclassifiedActive in 0% of observed group sessions
TPLTexas Pacific Land Corporation
Quiet · 57/100
-0.9%
Watch / laggardActive in 0% of observed group sessions
INRInfinity Natural Resources, Inc.
Elevated · 48/100
-0.8%
Counter-move / dispersionActive in 0% of observed group sessions
OISOil States International, Inc.
Elevated · 45/100
-0.8%
Aligned path contributorActive in 0% of observed group sessions
WTIW&T Offshore, Inc.
Quiet · 36/100
+2.0%
Watch / laggardActive in 0% of observed group sessions
VETVermilion Energy Inc.
Quiet · 30/100
+0.8%
Watch / laggardActive in 0% of observed group sessions
FTITechnipFMC plc
Quiet · 28/100
-1.3%
Watch / laggardActive in 0% of observed group sessions
EFXTEnerflex Ltd.
Quiet · 25/100
+0.5%
Watch / laggardActive in 0% of observed group sessions
NOVNOV Inc.
Quiet · 24/100
-1.3%
Watch / laggardActive in 0% of observed group sessions
TTETotalEnergies SE
Quiet · 12/100
-2.3%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
SDSandRidge Energy, Inc.Most unusual+0.7%0% of 0 sessionsMost unusual activity in this snapshot; performance direction may differ.
BKRBaker Hughes CompanyParticipating-1.9%0% of 0 sessionsPrice participation with distributing signed flow.
KRPKimbell Royalty Partners, LPParticipating-0.1%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
TPLTexas Pacific Land CorporationQuiet / lagging-0.9%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
INRInfinity Natural Resources, Inc.Participating-0.8%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
OISOil States International, Inc.Participating-0.8%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
WTIW&T Offshore, Inc.Quiet / lagging+2.0%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
VETVermilion Energy Inc.Quiet / lagging+0.8%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
FTITechnipFMC plcQuiet / lagging-1.3%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
EFXTEnerflex Ltd.Quiet / lagging+0.5%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
NOVNOV Inc.Quiet / lagging-1.3%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
TTETotalEnergies SEQuiet / lagging-2.3%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 support10 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades
2026-09-3012 names in the durable cohort
2026-09-2812 names in the durable cohort
2026-09-2510 names in the durable cohort
2026-09-2310 names in the durable cohort
2026-09-2213 names in the durable cohort
2026-09-1511 names in the durable cohort
2026-09-0811 names in the durable cohort
2026-09-0312 names in the durable cohort
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
BKR0% · 0 episodes
EFXT0% · 0 episodes
FTI0% · 0 episodes
INR0% · 0 episodes
KRP0% · 0 episodes
NOV0% · 0 episodes
OIS0% · 0 episodes
SD0% · 0 episodes
TPL0% · 0 episodes
TTE0% · 0 episodes
VET0% · 0 episodes
WTI0% · 0 episodes