DVN -4.4% (2.2σ) | HH $2.69 | 11 others
Weather
6-10 Day Outlook For Aug 11 - 15 2026 map
8-14 Day Outlook For Aug 13 - 19 2026 map
Gas-weighted HDD, next 7 days: 0 total (0, 0, 0, 0, 0, 0, 0)
Pop-weighted CDD, next 7 days: 95 total (13, 14, 14, 14, 14, 14, 12)
HDD/CDD vs. normal: no free source (CPC normals file not located; forecast level shown instead)
Natural gas
Henry Hub front month $2.69 (+0.2%, 0.1σ)
↳ Henry Hub remains flat despite mixed signals as US oversupply and European stock concerns offset each other ahead of EIA storage data.
Front/second (U26/V26): -0.048 - contango
Widow-maker H27/J27: +0.125 (H 2.941 / J 2.816)
Storage 3117 Bcf (+33 w/w, +176 vs 5-yr, -13 vs yr-ago)
Production (marketed, monthly proxy 2026-05): 121.8 Bcf/d, +3.8% y/y
Regional basis (Waha, Algonquin, SoCal, TZ6, AECO): no free source (no free daily marks)
LNG feedgas noms (Sabine, Corpus, Freeport, Plaquemines): no free source (pipeline EBB data is paid)
Power burn (daily): no free source (weekly/monthly only)
Power
PJM West DA $75.46 (prev $49.56) - heat rate 28.1 (prev 18.5) - spark $55.30 (prev $29.44)
ERCOT North DA $26.57 (prev $24.67) - heat rate 9.9 (prev 9.2) - spark $6.41 (prev $4.56)
CAISO SP15 DA $47.95 (prev $46.65) - heat rate 17.8 (prev 17.4) - spark $27.79 (prev $26.53)
Global gas & carbon
TTF €52.40/MWh (~$17.70/MMBtu) -6.3% (-6.3%, 1.7σ)
JKM $20.92/MMBtu -1.2%
Cargo arb JKM−HH: $18.23/MMBtu; TTF−HH $15.01
CCA / RGGI allowances: no free source (no free daily marks)
Crude
WTI $75.22 (-0.7%, 0.2σ)
Brent $79.45 (+0.1%, 0.0σ)
Energy equities
DVN $42.09 (-4.4%, 2.2σ)
Devon Energy's stock declined 4.4% despite JPMorgan raising its price target to $60 from $55, signaling mixed market sentiment around the company's strategic direction. The 2Q26 results reignited speculation about a potential Marcellus asset sale, suggesting management may unlock value by divesting this lower-return property. Meanwhile, persistent doubts about synergy realization from recent acquisitions weigh on investor confidence—the market questions whether Devon can effectively integrate and optimize combined operations despite strong underlying asset quality. The transmission to price reflects tension between fundamental value (evidenced by JPMorgan's upside target) and execution risk. Investors are pricing in skepticism about management's ability to deliver promised cost savings and operational improvements. Watch whether Devon's upcoming guidance or capital allocation announcements clarify intentions around potential Marcellus monetization, which could signal confidence in core portfolio returns and resolve current uncertainty.
- Devon 2Q26 Numbers Show Why Marcellus Sale Rumors Won’t Die - Marcellus Drilling News
- JPMorgan Adjusts Price Target on Devon Energy to $60 From $55 - marketscreener.com
- Devon Energy: The Market Still Underestimates The New Devon (NYSE:DVN) - Seeking Alpha
NVDA $219.22 (+3.4%, 1.2σ)
↳ Nvidia gains 3.4% as multiple announcements of new AI infrastructure deals and partnerships underscore accelerating demand for the company's chips and platforms.
EQT $51.23 (-2.6%, 1.1σ)
↳ EQT declines 2.6% despite analyst commentary on valuation; the move cannot be explained from the provided headlines.
TLN $329.84 (-3.0%, 0.8σ)
↳ Talen Energy drops 3% despite raising 2026 guidance and beating Q2 expectations, suggesting a downside earnings surprise or margin concern offset the raised outlook.
NRG $120.73 (+3.2%, 0.7σ)
↳ NRG rallies 3.2% on news of a near-1.2-GW hyperscaler data center deal, reflecting investor confidence in the company's pivot to high-margin power supply contracts.
Quiet: RRC -4.0% · AR -3.8% · KMI -0.8% · VST -1.9% · LNG -1.0% · CEG -0.8% · WMB +0.4%