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Oversold energy stocks may offer buying opportunities, with Baker Hughes, CNX Resources and Core Laboratories showing RSI readings below 30.
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With WTI crude hovering near $100 per barrel due to Middle East tensions, oilfield service companies are positioned to benefit from increased exploration and production activities. Baker Hughes and Oceaneering International are highlighted as potential beneficiaries, supported by strong subsea orders, improving regional activity, and longer contract durations.
Chord Energy agreed to sell its entire Marcellus position to POSCO International for $550 million, with closing expected in Q4 2026. The divestiture will simplify operations, reduce net leverage by ~$25M in annual capital spending, and increase oil weighting by 4-5 percentage points. However, company-wide gas realizations are expected to decline 16-30% post-sale as the company focuses exclusively on its core Williston Basin assets.
The global gas turbine market is projected to grow at a 5.40% CAGR from 2026 to 2035, driven by coal-to-gas power plant conversions, AI-driven data center demand, and adoption of hydrogen and ammonia-ready combustion technologies. North America leads with 29.50% market share, while Asia Pacific records the fastest growth at 8.30% CAGR. Data centers emerge as the fastest-growing sector with 11.20% CAGR.
Filed: 2026-08-25 AccNo: 0001193125-26-365271 Size: 168 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 9.01: Financial Statements and Exhibits