Macro/Headlines/Events Exciting Monday as OPEC surprises the energy world with 1MM BBL/day cut to production and a nice size M&A transaction in the market. BB- Ovintiv to Buy EnCap Permian Oil and Gas Assets for $4.3B ($3.1B cash and 32.6MM shares)  Deal…

Macro/Headlines/Events   BKR U.S. Onshore Rig Count  +3 rigs w/w to 739 rigs. WSJ-How Options-Hedging Turbocharged Oil Volatility- Link WSJ- The House GOP Moves on Energy   Link FT- Italy’s shift away from Russian gas clashes with its climate targets- Link Bloomberg-  Energy Transfer…

Macro/Headlines/Events BKR Rig Count- US onshore rig count was down 4 last week from 745 to 741. You have heard us say this before, Europe was the tip of the spear 10 years ago on ESG, solar, wind, and all things green…