** Brokerage Siebert Williams says investor hopes are mostly low for oil companies despite its expectations, which were in line to positive Q2 results
** Adds that in contrast, natgas names have a headwind of a Q2 miss on distributable cash flow per share/core profit and downward revisions to 2H25, positioning them less favorably in the near term; long-term thesis for natural gas remains strong
** Brokerage expects management teams to discuss the implications of the One Big Beautiful Bill, which provides numerous tax incentives that should contribute to an uplift to free cash flow
** Expects some tweaks in Q2 quarter, some of which due to a few companies electing to gear back up on firming oil prices or reflecting on previously announced acquisitions
** "We expect additional agreements from the industry as AI power generation demand continues to scale" - Siebert Williams
** It considers Devon Energy DVN.N, EOG Resources EOG.N, Matador Resources MTDR.N, Ovintiv OVV.N and Permian Resources PR.N to be best-positioned in Q2, given the recent stock performance, investor positioning and expectations
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.