Geopolitical Impact - The U.S. captured Maduro in Venezuela, leading to a generally positive response in the stock market, particularly in the oil and defense sectors [3][5][6] - Canadian oil stocks are negatively impacted due to competition with Venezuelan heavy crude, which could lower prices for Canadian oil sands [4] - Defense stocks are rising due to geopolitical tensions and potential contracts for infrastructure development in Venezuela [5][6] Market Trends - Memory and storage stocks have surged, with Sandisk up 36% in the past week and 71% in the past month, indicating a high demand for memory chips driven by AI developments [10][11] - Companies like Oklo and Vistra are gaining attention as they provide alternative power solutions for data centers, reflecting the growing need for energy in the tech sector [12][13] - Caterpillar's stock is also rising as demand for equipment to build data centers increases [14][15] Labor Market Insights - The unemployment rate held steady at 4.4%, with a slight increase of 50,000 jobs in December, indicating a stagnant job market [17][19] - The labor participation rate has decreased, suggesting some individuals may have exited the workforce [18] - There is a notable shift where individuals with coding skills may need to transition to construction roles to support data center development [21][26] Company-Specific Developments - Roblox's stock has declined by about 10% in the past week and 45% since its last earnings report, attributed to new age verification requirements for chat, which may hinder user participation [27][28][30] - The company faces public pushback and lawsuits regarding safety concerns on its platform, highlighting the need for self-regulation in the tech industry [29][30] Economic Indicators - The upcoming CPI report and earnings from major financial institutions like Citi and Bank of America will provide insights into economic activity and consumer spending [33][34] - The trucking firm JB Hunt's earnings report will also serve as an economic indicator, reflecting overall market conditions [35] Future Market Outlook - The year 2026 is viewed as a pivotal year for the market, with ongoing debates about whether the AI sector is in a bubble, as many stocks are trading at high valuations [37][39] - External geopolitical events, such as tensions with China and the situation in Ukraine, will likely influence market dynamics throughout the year [40][41] - The political landscape, including the upcoming midterms, may set the tone for market behavior in the latter half of the year [42][43]

Group 1 - The VanEck Oil Services ETF (OIH) has reached a 52-week high and is up 65.9% from its 52-week low price of $191.21 per share [1] - The underlying index, MVIS U.S. Listed Oil Services 25 Index, tracks U.S.-listed companies involved in oil services to the upstream oil sector, including oil equipment, services, and drilling [1] - The fund charges an annual fee of 35 basis points [1] Group 2 - The rally in oil prices this year is primarily due to U.S. intervention in Venezuela, creating uncertainty in future oil supply dynamics [2] - The United States Oil Fund LP (USO) has increased by 3.1% so far this year as of January 8, 2026 [2] - Geopolitical tensions are contributing to the rise of the oil services ETF OIH [2] Group 3 - OIH currently holds a Zacks ETF Rank of 3 (Hold) with a high-risk outlook [3] - The ETF may continue its strong performance in the near term, indicated by a positive weighted alpha of 26.64 [3]

Core Insights - CleanGo Innovations Inc. has launched its MycoSet™ Oilfield Remediation technology globally, with a focus on the Saudi Arabian market through its subsidiary CleanGo Arabia LTD, marking a strategic entry into the Gulf Cooperation Council (GCC) region [1][2] Company Overview - CleanGo Innovations Inc. specializes in proprietary green chemistry and sustainable industrial solutions, aiming to replace toxic chemicals with high-performance green alternatives [7] - The company has manufacturing operations across North and South America, and now in Saudi Arabia, emphasizing its commitment to sustainability [7] Technology Details - MycoSet™ technology offers a biological alternative to traditional mechanical remediation, designed to operate effectively in the extreme arid and hypersaline environments of Saudi Arabia [2][5] - The MycoSet™ suite includes BioIngress™ biostimulant and PhytoCentra™ surfactant, which enhance the effectiveness of the remediation process [2][5] Environmental Impact - MycoSet™ technology eliminates the need for "dig and dump" excavation, reducing logistical costs by up to 60% [6] - It requires 85% less water than traditional soil washing methods, which is particularly advantageous in the water-scarce GCC region [6] - The technology restores the biological health of the soil, allowing native flora to return, unlike thermal desorption methods that leave soil sterile [6] Strategic Importance - The launch of MycoSet™ is seen as a paradigm shift for the oil and gas industry, providing a cost-effective and environmentally regenerative solution [3][5] - CleanGo Arabia is positioned to set a new standard in the GCC, delivering products that benefit both the environment and the financial performance of energy companies [5]

Market Performance - Stocks fluctuated on the first trading day of 2026, with the Nasdaq down 6.36 points to 23,235.63, the S&P 500 up 12.97 points to 6,858.47, and the Dow climbing 319.10 points to 48,382.39 [1] - For the holiday-interrupted week, the Nasdaq fell by 1.5%, the S&P 500 decreased by 1.0%, and the Dow slid by 0.7% [2] Sector Performance - Semiconductor stocks experienced a significant increase, with the Philadelphia Semiconductor Index surging by 4.0%, driven by Micron Technology, which rose by 10.5% to a record closing high [3] - Oil service stocks also showed strength, with the Philadelphia Oil Service Index increasing by 3.9% despite a modest decrease in crude oil prices [4] - Computer hardware, banking, and networking stocks had strong upward movements, while software stocks declined sharply [4] International Markets - Stock markets in the Asia-Pacific region mostly moved higher, with Hong Kong's Hang Seng Index up by 2.8% and South Korea's Kospi rising by 2.3% [4] - Major European markets also advanced, with the French CAC 40 Index up by 0.6%, and both the German DAX Index and the U.K.'s FTSE 100 Index rising by 0.2% [5] Economic Indicators - A lack of major U.S. economic data may have kept some traders on the sidelines ahead of key reports, including the monthly jobs report [3][5] - The yield on the benchmark ten-year treasury note increased by 2.4 basis points to 4.187% as treasuries extended their downward move [5]

Core Thesis - Liberty Energy Inc. is transitioning from a cyclical oil services company to a significant player in behind-the-meter power solutions, targeting large, continuous energy demands like data centers [2][3] Business Segments - The Power platform offers a comprehensive "power-as-a-service" solution, which includes natural-gas genset procurement, installation, fuel logistics, 24/7 monitoring, and maintenance under multi-year contracts, leveraging decades of operational experience and strategic vendor relationships [4] - The core oil services business remains strong, characterized by capital discipline and robust return on invested capital (ROIC), providing a stable cash flow foundation as the Power business expands [5] Market Valuation - The market currently undervalues Liberty Energy, treating it primarily as a cyclical oil services business, which results in a stock price below its 2024 highs [3] - Valuation analysis suggests a separation of the two business segments, with the Power platform valued at 10x 2027 EBITDA and the core business at 6x through-cycle EBITDA, leading to a year-end 2027 target price of over $33, indicating a potential 2x return [5] Growth Catalysts - Key catalysts for growth include the signing of initial power contracts, which could lead to a significant stock rerating, while manageable risks involve potential declines in oil prices and execution challenges in securing power capacity contracts [5]

Summary of the Conference Call on the Oil Services Industry Industry Overview - The report focuses on the oil services industry, specifically the period from 2000 to 2050, highlighting the evolution and future outlook of the sector [6][11]. Key Periods in the Oil Services Journey - The journey is divided into five periods: 1. The Golden Age (2000-2014) 2. The Great Disruption (2015-2024) 3. Drill, Baby Drill (2025-2029) 4. The Age of Sustainability (2030-2035) 5. The Age of Circularity (2036-2050) [11]. Core Insights and Arguments - The oil market is currently perceived as oversupplied, with a short-term supply increase peaking in early 2025, but a rapid rebalancing is anticipated in 2026 [7][9]. - A significant IEA report indicates that 90% of current oil and gas capital expenditures (capex) are for maintaining production rather than increasing it, suggesting a structural under-supply in the long term [10]. - The need for new drilling is underscored by projected decline rates of oil production, estimated at approximately 8% CAGR post-2025, necessitating new investments [15]. Investment and Capex Plans - Aramco's CFO highlighted the importance of massive investments in subsurface data acquisition and computing power, indicating a shift towards more data-driven operations [18]. - ADNOC announced a $150 billion capex plan for 2026-2030, aimed at maintaining operations and meeting growing global energy demand [25]. - Argentina's Vaca Muerta shale play is experiencing rising oil production, with production surpassing 447,000 barrels per day in March 2025, although rig counts remain historically low [20][23]. Market Dynamics and Future Projections - The report suggests that the current "Drill, Baby Drill" cycle may peak around 2028, driven by various factors including new offshore basins with low break-even prices and increasing global oil demand [29][38]. - SLB, Saipem, and Tenaris have forecasted a rebound in upstream spending in Saudi Arabia, indicating improved prospects for the oil services industry [39]. Company-Specific Insights - SLB is positioned as a key beneficiary of the improved market outlook, particularly in the Middle East, with a market share of nearly 10% in the region [39]. - Subsea 7 and Saipem are expected to create a new entity, "Saipem7," which will enhance their competitive positioning in the subsea market [44]. - Technip Energies is projected to have a record year for order intake in 2026, with several significant projects likely to be sanctioned [45]. Pricing Power and Market Conditions - The pricing power thesis for Tenaris and Vallourec remains intact, supported by tight capacity for premium tubes and rising costs [33]. - The report anticipates a gradual recovery in pricing conditions starting from the second half of 2026 as inventories clear [33]. Conclusion - The oil services industry is undergoing significant changes, with a focus on innovation, investment in technology, and a shift towards sustainability. The upcoming years are expected to bring both challenges and opportunities as companies adapt to evolving market dynamics and increasing global energy demands [11][39].

Market Performance - Major stock indices have reached new record intraday highs, with the Dow up 218.78 points (0.5%) at 47,925.15, the Nasdaq up 131.49 points (0.6%) at 23,958.99, and the S&P 500 up 14.53 points (0.2%) at 6,905.42 [1] Company Highlights - Nvidia (NVDA) has surged by 3.9%, becoming the first company with a $5 trillion market capitalization, following a 5.0% spike after announcing a $1 billion strategic partnership with Nokia (NOK) [2] - Seagate Technology (STX) has seen a significant increase of 18.7% after reporting better-than-expected fiscal first-quarter results, contributing to a 5.3% rise in the NYSE Arca Computer Hardware Index [6] Economic Indicators - The National Association of Realtors reported that pending home sales were flat in September, with the pending homes sales index unchanged at 74.8, contrary to expectations of a 1.0% increase [5] Sector Performance - Oil service stocks have surged by 2.6%, driven by a sharp increase in crude oil prices following a report of a significant drop in U.S. crude oil inventories [7] - The semiconductor, gold, and transportation sectors are also showing considerable strength, while commercial real estate stocks have declined [7] Global Market Trends - In the Asia-Pacific region, stock markets have mostly moved higher, with Japan's Nikkei 225 Index up 2.2% and South Korea's Kospi up 1.8%, both reaching new record closing highs [9] - European markets have shown mixed results, with the U.K.'s FTSE 100 Index up 0.6%, while the French CAC 40 Index and the German DAX Index are down by 0.2% and 0.6%, respectively [9]

Summary of Global Oil Services Conference Call Industry Overview - The report discusses the **Global Oil Services** industry, focusing on the outlook for 2H25 and FY26, highlighting both positive and negative signals in the market [1][2]. Key Insights 1. **Financial Strength**: The industry is currently in a strong financial position, although it is trading at historically low multiples. Many investors have not capitalized on the O&G capex recovery from 2022-24 [1][2]. 2. **Conflicting Signals**: There are concerns regarding oil supply and price stability, with questions about whether oil will remain oversupplied and if prices might decline. Additionally, there are indications of weakening International/Offshore activity, which could be exacerbated by high consensus expectations [1][2]. 3. **US Market Activity**: The Dallas Fed survey indicates a rapid deterioration in US activity expected in 4Q25, despite a stabilizing rig count. Current consensus expectations for the US market are low [1][2]. 4. **Optimism from Key Players**: Companies like GTT and Viridien express optimism ahead of 3Q25, contrasting with the overall cautious sentiment [1][2]. Regional Activity Recovery 1. **Diverging Opinions**: There are differing views on whether North America or international markets will lead the recovery. SLB suggests North America will remain constrained due to economic challenges, while Halliburton believes it is positioned for recovery [3][4]. 2. **Investment Implications**: The outlook for 2026-27 is more positive than generally perceived, with potential catalysts for the sector. The report suggests that 4Q25 may represent a low point for North America, and given the sector's low valuation (approximately 1.3x EV/Revenue), there is significant upside potential for various stocks [4][6]. Preferred Investment Calls - **Next 6 Months**: GTT (Target Price €193), Viridien (Target Price €94), SLB (Target Price $47.60) - **Next 12 Months**: SBM (Target Price €24), Rubis (Target Price €38.7), Vallourec (Target Price €22.6), Tenaris (Target Price €21) - **Next 18 Months**: Adnoc Drilling (Target Price AED6.76), Saipem (Target Price €3.54), Subsea (Target Price NOK240) - Notably, GTT, SBM, and Rubis are largely de-correlated from oil prices [6]. Conclusion - The Global Oil Services industry is at a critical juncture with mixed signals regarding future activity and investment opportunities. The financial strength of the sector, combined with low valuations, presents potential upside for select stocks, while regional disparities in recovery expectations highlight the complexity of the market landscape [1][4][6].

Final trade time. Timothy >> going to be an interesting week and looking forward to bowing. I think there's a surprise on cash flow.BA >> Karen. >> Yes. So, as Peter Bookbar said, and I like to see him bullish.We don't often. He really likes oil. I like the OIH with Peter Courtney.>> Uh, looking ahead to next week, I think Visa is an interesting setup. I would take a look at this here. >> Carter Braxton wor >> Zoom.Uh, may it zoom. >> Thank you for watching Fast Money. Have a terrific weekend.Mad Money with ...

Core Insights - Halliburton's Q3 revenue reached $5.6 billion, exceeding Wall Street's estimate of $5.39 billion, leading to an 11.6% increase in shares [1] - The company reported an adjusted net income of $0.58 per share with a 13% adjusted margin, indicating effective cost controls and stable international demand [1] Financial Performance - North American revenue increased by 5% due to heightened activity in the U.S. and Canada, while international sales remained flat, with growth in Africa and Latin America offsetting declines in Saudi Arabia [2] - Halliburton generated $276 million in free cash flow and repurchased $250 million in stock during the quarter [3] - The reported net income was $18 million or $0.02 per share, significantly lower than the previous year's $571 million or $0.65 per share, reflecting an 11.8% decline in stock price over the year [4][5] Strategic Initiatives - The company is focusing on maximizing returns and leveraging technology, particularly artificial intelligence, to enhance operational efficiency [3] - Halliburton is working to reset its 2026 capital budget and aims to save approximately $100 million per quarter by idling underperforming equipment [3] - A strategic partnership was announced with VoltaGrid to provide distributed power generation solutions for data centers, with initial implementation targeted for the Middle East [6][7]