Kalibr Nominally Hedged

Kalibr Nominally Hedged

Nominally Hedged | Nominally Rated
The logo slide is the collateral now. Five oilfield companies are borrowing against their customers' ratings to build power, and two might be paying for…
 • Ian Myers
The Counterparty Read | NGS Q2 2026 Deep Dive
GS bought 87,233 horsepower, raised its revolver, and let a fifth of its own fleet slide onto month-to-month paper. Then its chief executive said what…
 • Ian Myers
The Counterparty Read | FlowCo Q2 2026 Deep Dive
Flowco’s compression fleet stopped growing and its price went up. The vendor also told the street its contracts don’t let it pass lube costs through…
 • Ian Myers
Nominally Hedged | Nominally Sold
Private equity found a buyer for its oil and gas companies: private equity. What the buyer-seller is now paid to do, and who should be selling to it.
 • Ian Myers
The Counterparty Read | Northeast Compression Report (Marcellus / Utica)
Half of Appalachia's new horsepower is turbines
 • Ian Myers
Nominally Hedged | Nominally Equity
ONEOK just raised $9 billion that never matures, never votes, caps at 7.0%, and counts as equity twice.
 • Ian Myers

August 2026

The Counterparty Read | Your Compression Contract Is an AI Trade (Contract Guidance Pt. 2)
The vendor’s floor rests on Caterpillar’s queue, and the queue belongs to the data-center build. We assigned the probabilities
 • Ian Myers
The Iron Count, No. 3 | The Mid-Continent Compression Report
The basin that runs on machines older than shale
 • Ian Myers
Nominally Hedged | Corporate Cognitive Dissonance
The best uncertainty managers in American industry, seated at the one table where they can see the deck, decline to play a hand
 • Ian Myers
The Counterparty Read | Archrock Q2 2026 Deep Dive
Archrock just traded its rate story for duration. Your renewal is next.
 • Ian Myers
The Iron Count | The Eagleford Compression Report
The fastest-growing basin in the count, one compressor at a time. Free, in full.
 • Ian Myers
Nominally Hedged | The Gallon Nobody Audited
The lube suppliers told investors one story and put another in the price letter. Both are true, which is the problem.
 • Ian Myers
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