Group 1: IPO Activity Overview - Six companies went public last week, raising a total of $2.7 billion, along with two SPACs [1] - Ten companies filed for IPOs, with six SPACs also submitting initial applications [4][5] Group 2: Notable IPOs - Netskope (NTSK) priced its IPO at the upper end of its range, raising $908 million at a market cap of $9.08 billion, with a strong customer base but significant losses [1] - StubHub (STUB) raised $800 million at a market cap of $9.5 billion, facing legal challenges but with strong brand recognition [1] - WaterBridge (WBI) raised $634 million at a market cap of $2.4 billion, benefiting from long-term contracts despite being capital-intensive [2] - Pattern Group (PTRN) raised $300 million at a market cap of $2.6 billion, focusing on e-commerce acceleration but facing consumer and inflation risks [2] - ChowChow Cloud International (CHOW) raised $10 million at a market cap of $140 million, primarily operating in the Asia-Pacific region [3] - Platinum Analytics (PLTS) raised $8 million at a market cap of $71 million, targeting financial institutions in emerging markets [3] Group 3: SPAC Activity - Galata Acquisition II (LATAU) raised $150 million, while Chenghe Acquisition III (CHECU) raised $110 million, both targeting businesses in Asia [3] - Six SPACs filed for initial applications, with Silicon Valley Acquisition (SVAQU) seeking $200 million and K2 Capital Acquisition (KIIU) targeting robotics and nuclear energy [5][6] Group 4: Upcoming IPOs and Market Outlook - The IPO market is currently quiet, with no transactions scheduled for the upcoming week, although smaller issuers may still price [7] - Notable companies like Commercial Bancroup (CBK) and Phoenix Education (PXED) are expected to join the IPO schedule before the quarter ends [7]

Core Insights - Schlumberger Limited (NYSE:SLB) is recognized for its significant upside potential and is included in the list of 11 Cheap Clean Energy Stocks to Buy Right Now [1] - Stifel has reiterated its 'Buy' rating on Schlumberger, citing the company's strong performance in Kimberlite's industry survey [2] - The company has demonstrated consistent results across all regions and product lines, particularly excelling in international and offshore markets [3] Financial Performance - Schlumberger reported revenue of $35.48 billion over the past twelve months [3] - The company has maintained dividend payments for 55 consecutive years, indicating strong financial health and commitment to returning value to shareholders [3] Market Position - Schlumberger holds a premium position in global oilfield services, reflecting its ability to deliver reliable and efficient solutions [3] - Despite challenges in North America's land and Canadian operations being described as "value-disadvantaged," analysts see potential for growth in these areas [3] Industry Role - Schlumberger provides technology and services for the energy sector globally, including drilling, reservoir evaluation, well construction, and production systems [4] - The company is recognized as one of the Best Clean Energy Stocks, highlighting its role in the transition to cleaner energy solutions [4]

Malaysian investment holding company Deleum has terminated its RM60m ($14.3m) acquisition of oilfield service assets from Thailand's MPC Future. The acquisition, initially announced in June this year, was scrapped due to a lapse in meeting key conditions set out in the sale and purchase agreement (SPA), reported The Edge Malaysia. The proposed deal was due to be executed through a combination of cash and share issuance in Deleum's subsidiary, Deleum Oilfield Solutions Thailand (DOST). It was expected to ...

Core Viewpoint - Halliburton Company will host a conference call to discuss its third quarter 2025 financial results on October 21, 2025 [1] Financial Results Announcement - The conference call will begin at 8:00 a.m. CT (9:00 a.m. ET) [1] - A press release regarding the third quarter 2025 earnings will be issued prior to the conference call [1] - The press release will be available on Halliburton's website [1]

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) will host its third-quarter 2025 earnings conference call on Thursday, October 23, 2025, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed via the Investor Relations website, or by registering here. A replay of the webcast will be available on th. ...

Summary of FET Conference Call Company Overview - **Company**: Forum Energy Technologies (FET) - **Industry**: Oil, natural gas, industrial, and renewable energy sectors - **Segments**: - Drilling and completions - Artificial lift and downhole [1][2] Core Points and Arguments - **Market Share**: FET holds a **36% market share** in leadership markets, which include coil tubing, cased hole wireline, subsea, and sand and flow control systems for thermal oil sands [4][5] - **Innovation**: FET emphasizes innovation as a key driver for growth, with recent product introductions such as high-strength coil tubing suitable for corrosive environments and the Unity operating system for remotely operated vehicles (ROVs) [6][9] - **Operational Efficiency**: The company focuses on enhancing operational efficiency for customers, which has led to increased demand for its products. For instance, the number of frac stages per rig in the U.S. has increased by **9% annually** [9][10] - **International Growth**: FET sees significant growth potential in international markets, particularly in the Middle East and Argentina, where unconventional resource development is gaining traction [12][13] - **Vision 2030 Strategy**: The company aims to grow its market share in growth markets from **8% to 16%** over the next five years, potentially increasing revenue by nearly **$250 million** [27][28] Financial Performance - **Adjusted EBITDA Guidance**: FET's full-year 2025 adjusted EBITDA guidance is set at **$85 million**, reflecting a decrease from earlier projections due to reduced industry activity [43][44] - **Free Cash Flow**: The free cash flow outlook was raised to **$60 to $80 million**, attributed to improved working capital management and cost-saving initiatives [53][54] - **Share Repurchase Program**: The company has authorized a **$75 million share repurchase plan**, with approximately **579,000 shares** repurchased for about **$11 million** [55][56] Market Dynamics - **Pricing Sensitivity**: FET has faced challenges with pricing due to tariffs impacting raw materials, but has successfully passed some costs onto customers [22][49] - **Customer Demand**: There is a growing demand for FET's products as service companies seek to enhance efficiency and reduce costs, particularly in a constrained capital expenditure environment [21][23] Additional Insights - **Coil Line Pipe**: FET is optimistic about the growth potential of coil line pipe, which offers significant installation time savings compared to traditional steel pipe [32][33] - **Defense Market**: The company has a long history of supplying military and naval applications, with recent contracts indicating a growing interest in underwater technology [39][41] - **Incremental Margin Opportunities**: FET's leadership revenue constitutes about two-thirds of total revenue, providing strong incremental margin opportunities through innovation and market growth [7][36] Conclusion FET is strategically positioned to leverage its innovative products and strong market presence to capture growth opportunities in both leadership and growth markets. The company's Vision 2030 strategy aims to double revenue by 2030, supported by a capital-light business model and a focus on free cash flow generation.

Group 1 - WaterBridge Infrastructure raised $634 million in an initial public offering in the United States [1] - This event indicates renewed momentum in the listings market [1]

Core Insights - Weatherford International plc has been awarded a three-year contract worth $147 million by Petrobras for Tubular Running Services in Brazil, highlighting the company's leadership in TRS technologies [1][3] Contract Details - The contract includes the deployment of several advanced technologies such as Vero™, Multi Slip System, Flush Joint Elevator, and StringGuard™, which enhance safety, efficiency, and operational reliability [2] Company Leadership and Collaboration - The CEO of Weatherford emphasized the strength of the Tubular Running Services portfolio and the company's commitment to supporting Petrobras with innovative technologies and skilled teams [3] - Weatherford has a long-standing relationship with Petrobras, having supported its operations for over a decade, which reinforces the collaboration between the two companies [3] Company Overview - Weatherford operates in approximately 75 countries with around 17,300 employees from over 110 nationalities, focusing on integrating proven technologies with advanced digitalization to maximize value and return on investment [4]

Market Overview - U.S. stock markets are experiencing a continued upward trend in 2025, with major indexes like the Dow, S&P 500, and Nasdaq Composite near all-time highs [1] - Expectations for the Federal Reserve's first interest rate cut in 2025 have surged, with a 100% probability of a 25-basis-point cut anticipated in the upcoming September FOMC meeting [2] Stock Performance - Several stocks have shown significant price strength, particularly those on a bull run, indicating a high chance of maintaining momentum [2] - Five highlighted stocks include DRDGOLD Ltd. (DRD), Daktronics Inc. (DAKT), NCS Multistage Holdings Inc. (NCSM), Build-A-Bear Workshop Inc. (BBW), and Vishay Precision Group Inc. (VPG) [3] Stock Screening Criteria - Stocks must show a percentage change in price greater than zero over the last four weeks, indicating recent upward movement [5] - A percentage change in price greater than 10% over the last 12 weeks is required to ensure sustained momentum [5] - Stocks must have a Zacks Rank of 1 (Strong Buy) and an average broker rating of 1, indicating strong future performance expectations [6] - Current stock prices must be above $5 and trading near their 52-week highs, with a price/52-week high-low range greater than 85% [7] Individual Stock Highlights - **DRDGOLD Ltd. (DRD)**: Stock price increased by 49.9% in four weeks, with an expected earnings growth rate of 13.3% for the current year and an 80% improvement in earnings estimates [8][9] - **Daktronics Inc. (DAKT)**: Stock price rose by 39.1% in four weeks, with an expected earnings growth rate of 28.2% and a 6.9% increase in earnings forecasts [8][11] - **NCS Multistage Holdings Inc. (NCSM)**: Stock price climbed 38.4% in four weeks, with an expected earnings growth rate of 6.7% and a 62% improvement in earnings estimates [8][13] - **Build-A-Bear Workshop Inc. (BBW)**: Stock price surged 33.1% in four weeks, with an expected earnings growth rate of 6.9% and a 3.9% increase in earnings estimates [8][15] - **Vishay Precision Group Inc. (VPG)**: Stock price rallied 14.4% in four weeks, with an expected earnings growth rate of -27.4% and a 5.8% improvement in earnings estimates [8][18]

Core Viewpoint - Loomis Sayles Small/Mid Cap Growth Fund underperformed the Russell 2500 Growth Index in Q2 2025, returning 8.49% compared to the index's 11.31% due to security selection issues in the consumer discretionary and financials sectors [1] Fund Performance - The fund experienced a challenging quarter starting with high policy uncertainty but ended with the S&P 500 reaching an all-time high [1] - The fund's performance lagged behind its benchmark, indicating potential areas for improvement in investment strategy [1] Company Focus: Flowco Holdings Inc. - Flowco Holdings Inc. (NYSE:FLOC) was highlighted as a significant detractor from the fund's performance, with a one-month return of -1.00% and a 12.29% decline over the last three weeks [2][3] - As of September 12, 2025, Flowco Holdings Inc. had a market capitalization of $1.43 billion, closing at $15.84 per share [2] - The company is positioned in the oilfield service sector, focusing on production optimization and methane abatement, which are seen as stable areas despite recent commodity price declines [3] Hedge Fund Interest - Flowco Holdings Inc. was held by 17 hedge fund portfolios at the end of Q2 2025, a decrease from 21 in the previous quarter, indicating a potential decline in interest among institutional investors [4] - The company is not currently among the 30 most popular stocks among hedge funds, suggesting a cautious outlook from the investment community [4]