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The proverbial “lights-out bullpen” is the desire of every Major League Baseball playoff team. Yet it doesn’t take much for the indicator lights on the dashboard to start blinking.

The Seattle Mariners found this out in Game 4 of their American League Division Series when they bumped up against the two f-words of postseason relief.

Familiarity. And fatigue.

They were up three runs and just 15 outs from dispatching the Detroit Tigers and claiming the first spot in the AL Championship Series when the diminishing returns of relief pitching reared its head.

Detroit struck for seven runs over two innings against Gabe Speier and Eduard Bazardo, who’d been near-perfect in the first three games of the series, to salvage its season and send both teams winging it back to Seattle for a decisive Game 5.

Where presumed Cy Young Award winner Tarik Skubal will await the Mariners.

That’s how quickly these things can turn: From comfortable lead and bullpen security blankets to lightning striking, the Tigers evening the series with a 9-3 victory that squares this ALDS 2-2.

And to think the Mariners nearly rocked these Tigers to sleep.

Comerica Park was a funeral parlor into the bottom of the fifth, with Mariners right-hander Bryce Miller outkicking his 2025 statistics to allow just two hits through four innings. Then things got loud – and unsuspecting fans were about to see nine unanswered runs on the board.

Dillon Dingler’s double scored Spencer Torkelson, who’d singled. It was 3-1. Dan Wilson, in his first full season as manager, prudently hooked Miller for the lefty Speier – only to get outflanked by his counterpart.

Sure, Speier had seen eight Tigers hitters in this series – and retired all eight of them, striking out four. But increased exposure brings adversity for even the more immortal pitchers.

‘There are no secrets,’ says Tigers manager A.J. Hinch, ‘when you get this deep into a series.’

And Speier suddenly looked like a mere mortal.

Hinch threw up righty-swinging Jahmai Jones to pinch-hit in Parker Meadows’ place, and he hooked an RBI double down the left field line. A 3-2 game.

No. 9 hitter Javy Baez reawakened the echoes of 2016 with a solid single to plate Jones. A 3-3 game.

Speier worked around a Baez stolen base, got a groundout, issued an intentional walk to Gleyber Torres and escaped the jam with the score tied.

That should have been it.

But Wilson opted to bring back Speier, despite having to sit down and run back out there, despite the familiarity that Greene might enjoy, having seen Speier twice already this series.

“Just trying to get it to the next guy. Just trying to get on base for the guys behind me,” the ever-humble Greene, 2 for 14 with no extra-base hits in the series before that at-bat, said after the game.

He did much more – clouting a Speier slider 454 feet into the right field seats. Suddenly, the Tigers had a lead for the first time since the 11th inning of Game 1.

Hey, no worries. Wilson simply turned to Eduard Bazardo, who’d pitched in Games 1, 2 and 3, who’d recorded seven outs and gave up just one hit.

Wilson was asked after the game if he was concerned that the Tigers had seen Speier twice and Bazardo three times before Game 4.

‘These guys have thrown the ball so well, and I don’t think that’s a risk,’ says Wilson. ‘These guys have done the job and thrown the ball extremely well, and today they just – they were able to get to us.’

The Tigers rocked Bazardo for four hits, including a Baez home run, fattening the lead and ensuring they’d only need closer Will Vest for one, not two innings.

Game 5?

Well, they’ll all have a day off as they hop from the D to the Pacific Northwest. The arms should ostensibly be rested. Skubal will be breathing fire, still stinging from his Game 2 loss.

The Mariners? They can only hope one more game of familiarity doesn’t set off the fireworks in Detroit’s lineup.

This post appeared first on USA TODAY

LOS ANGELES — The Philadelphia Phillies tried to tell everyone they wouldn’t panic.

No one believed it.

They kept saying that maybe a change of scenery to Dodger Stadium would relax them.

No one believed it.

They insisted that their powerful trio of All-Star hitters would break out.

No one believed it.

When the Philadelphia Phillies lined up Wednesday night on the Dodger Stadium field for handshakes, blasting the Los Angeles Dodgers 8-2 in front of a stunned sellout crowd of 53,689, they suddenly have a whole lot of believers.

The Phillies still are in trouble, of course, trailing the Dodgers 2-1 in this best-of-five National League Division Series, with Game 4 scheduled for Thursday, Oct. 9 at Dodger Stadium.

Yet, they are alive.

And they also have that dynamic the Dodgers badly wanted to prevent.

Momentum.

“Momentum’s always something that you don’t know if it’s real or not,’ Dodgers third baseman Max Muncy said before the game. “You definitely feel it, though, as a player in certain situations, you feel the momentum change.

‘Obviously we want to finish this tonight, and we don’t want to let anything slip away from us. That’s one of those things, when you talk about momentum, if you don’t finish it tonight, you feel like it’s slipping away. That’s definitely not something you want to have happen.’

Well, it happened.

“We want to put these guys away,’’ Dodgers manager Dave Roberts said before the game, “and don’t let them up for air.’

Well, after what transpired Wednesday, the Phillies suddenly have confidence too.

The Phillies, whose season was on life support after losing the first two games in front of their home crowd at Citizens Bank Park in Philadelphia, believe they can pull this off.

After all, they became the first team in two weeks to beat the defending World Series champions, snapping the Dodgers’ nine-game winning streak.

While Ranger Suarez was brilliant in his five-inning outing coming in relief for Aaron Nola in the third inning, it was the Phillies’ powerful trio who reminded everyone just what they’re capable of doing to the opposition.

Kyle Schwarber, Bryce Harper and Trea Turner, who were in a 2-for-21 skid entering the game, put on a power-hitting clinic for everyone to see.

There was Schwarber hitting two home runs, including a 455-foot blast in the fourth inning, with three RBIs.

Turner, who produced three hits and two RBI, broke the game open in the Phillies’ five-run eighth.

There was Harper who had a two-hit game and reached base three times.

Just like that, the Phillies looked like well … the Phillies.

They made sure that Dodgers ace Yoshinobu Yamamoto, who entered the game with a 0.66 ERA in his last six starts, couldn’t make it out of the fifth inning.

It began with Schwarber, who had been hitless in his last 22 at-bats when he stepped up to the plate to lead off the fourth. The slump ended with one majestic swing of the bat.

Schwarber sent Yamamoto’s fastball nearly out of the stadium, landing 455 feet into the right-field pavillion. It was hit so far, and so hard (117-mph), that Dodgers right fielder Teoscar Hernandez didn’t move.

Just like that, the Phillies’ bats awoke.

Harper, who had also been handcuffed this series, followed by slapping a single to left field. Byson Stott singled and when Harper headed to third, center fielder Andy Pages tried to get him. The ball instead sailed past third baseman Max Muncy and bounced into the Dodgers’ dugout, scoring Harper with Stott advancing to third. Brandon Marsh made it 3-1 with a sacrifice fly to left field.

Yamamoto came out for the fifth, but was immediately greeted by with singles by Bryson Stott and Trea Turner knocking him out of the game. It was his shortest outing since June 1.

The Phillies, after a double steal, then had a golden opportunity to blow open the game against left-handed reliever Anthony Banda. Yet, Schwarber struck out. Harper hit a shallow pop-up to right field. And after Bohm was intentionally walked, loading the bases, Brandon Marsh struck out on three pitches. Well, technically two ptiches – with Marsh being charged with an automatic strike on a pich clock violation.

The Phillies threatened again in the seventh inning off three-time Cy Young winner Clayton Kershaw coming into the game relief, with a leadoff single by Turner and a walk by Schwarber. But Harper flied out to right, and then Schwarber was picked off first base when he wandered too far, and the opportunity ended on Brandon Marsh’s line drive to right.

Finally, they broke through in the eighth on J.T. Realmuto’s homer, Turner’s two-run single, and a two-run homer by Schwarber.

Who knows what can happen now, with Dodgers shortstop Mookie Betts vividly remembering the feeling of struggling in the postseason before ending his slump last year.

“I’ve been there…,’ Betts said. “When you get in that rut and it seems like it’s quicksand. No matter what you do you just can’t get out of it. It’s tough. Hell, I didn’t get out of it. So I have no advice or anything. I mean, shoot, I would have if I knew what to do.

“Good luck to those guys and we’ll see if they have the answer.”

For one night, they certainly did.

Follow Nightengale on X: @Bnightengale

Here’s how Wednesday’s game unfolded:

Kyle Schwarber home run blows it open

Coming back out for a second inning, Clayton Kershaw gave up a leadoff home run to J.T. Realmuto. He then walked Max Kepler and Nick Castellanos reached on an error before Bryson Stott bunted them to second and third. With one out, Trea Turner hit a two-RBI single to make it 6-1 Phillies. Then, Kyle Schwarber delivered his second home run of the game, a two-run shot that extended Philadelphia’s lead to 8-1.

Clayton Kershaw comes out of the bullpen

Trailing 3-1 in the seventh, Dave Roberts brought Clayton Kershaw out of the bullpen for his first appearance of the 2025 postseason. Kershaw was met with the Phillies’ best hitters and gave up a leadoff single to Trea Turner before walking Kyle Schwarber. The veteran left-hander got Bryce Harper to fly out and then Schwarber was picked off in a baserunning blunder for the second out.

After intentionally walking Alec Bohm, Kershaw retired Brandon Marsh on a hard-hit line drive to right, getting out of the inning without allowing a run.

Kershaw, retiring at the end of the season, won three Cy Youngs and an MVP award, surely heading for the Baseball Hall of Fame.

Phillies still lead 6-1 in the sixth

Anthony Banda (fifth) and Jack Dreyer (sixth) put up zeroes relieving Yoshinobu Yamamoto, managing to keep the Phillies from adding insurance runs despite Philadelphia loading the bases in the fifth.

Phillies ambush Yoshinobu Yamamoto in the fourth

Kyle Schwarber’s mammoth home run led off the top of the fourth and tied the game. The next batter, Bryce Harper, singled and then scored as a result of Andy Pages’ throwing error on Alec Bohm’s single. The ball went out of play and moved Bohm to third and Brandon Marsh brought him home with a sacrifice fly for the first out of the inning. J.T. Realmuto hit a ground-rule double but Yamamoto got Max Kepler and Nick Castellanos to end the frame with the Phillies up 3-1.

Kyle Schwarber home run ties it up

Leading off the fourth inning, Kyle Schwarber hit a 455-foot homer off Yoshinobu Yamamoto to tie the game.

The Phillies slugger had been stuck in an 0-for-23 slump having led the Natioinaln League with 56 home runs in the regular season.

Tommy Edman home run welcomes Ranger Suarez

Phillies manager Rob Thomson stuck with his plan to limit Aaron Nola’s exposure and pulled the right-hander after two innings to put in southpaw Ranger Suarez.

On Suarez’s first pitch of the night, switch-hitter Tommy Edman hit a solo home run to left field, giving the Dodgers a 1-0 lead in the third.

Meanwhile, Yoshinobu Yamamoto held the Phillies hitless through three innings.

Aaron Nola escapes first-inning jam

Dodgers-Phillies Game 3 underway in Los Angeles

Yoshinobu Yamamoto worked around Bryce Harper’s two-out walk to toss a scoreless first at Dodger Stadium.

In his second year after signing a $325 million contract before throwing an MLB pitch, the Japanese right-hander was the Dodgers’ ace this season with an All-Star nod and a 2.49 ERA.

Phillies lineup today

  1. Trea Turner (R) SS
  2. Kyle Schwarber (L) DH
  3. Bryce Harper (L) 1B
  4. Alec Bohm (R) 3B
  5. Brandon Marsh (L) CF
  6. J.T. Realmuto (R) C
  7. Max Kepler (L) LF
  8. Nick Castellanos (R) RF
  9. Bryson Stott (L) 2B

Dodgers lineup today

  1. Shohei Ohtani (L) DH
  2. Mookie Betts (R) SS
  3. Teoscar Hernández (R) RF
  4. Freddie Freeman (L) 1B
  5. Will Smith (R) C
  6. Enrique Hernández (R) LF
  7. Max Muncy (L) 3B
  8. Andy Pages (R) CF
  9. Tommy Edman (S) 2B

Will Smith returns to Dodgers lineup

The Dodgers’ All-Star catcher is in the starting lineup for the first time this postseason in Game 3, coming off the bench in each of the first two games in the series. Smith had missed nearly a month with a hand fracture.

‘The at-bats have been fantastic especially considering the arms that he’s had to face coming into both those games and the lay-off,’ Dodgers manager Dave Roberts said before Game 3.

‘If I didn’t feel he could finish a game I wouldn’t have started him. I feel good. He’s in a good spot. I think the at-bat quality has been great.’

This post appeared first on USA TODAY

Now that the season is nearly a third of the way through, there are only two ways to improve your rosters — waiver wire and trades.

Evaluating a fantasy trade can be a daunting task. Most managers value their players more than they’re actually worth. That’s where the Week 6 fantasy football trade value charts come in.

The charts can be used as your very own fantasy football trade analyzer in standard, half-PPR (point per reception) and full PPR leagues. Someone sends you an offer? Simply pull out a calculator (on your phone, you don’t need an actual calculator) and plug in the values for each player. Don’t worry, six-points-per-passing-touchdown and superflex leagues are covered as well.

Important note: If you’re offered an uneven trade (i.e., a 2-for-1 or 3-for-1), include the values for the players you’d be moving to the bench or dropping within your calculation. Example: If someone in your league offers you Cam Skattebo, Romeo Doubs, and David Njoku (combined value of 79) for Jonathan Taylor (72), it might look like you’re getting the better end of it. However, if you’re bumping down, say, AJ Barner and Kimani Vidal (combined value of 26) in the process, it’s a net negative deal for you.

The rankings are based on how players should be valued in 12-team leagues. Players are sorted in order of their half-PPR values.

Quarterback trade value chart

(Note: ‘6/TD’ is for leagues that award six points for passing touchdowns and ‘SFLEX’ stands for superflex.)

Running back trade value chart

Wide receiver trade value chart

Tight end trade value chart

Overall Week 6 fantasy football rest-of-season rankings

Note: These values are for 12-team, one-QB leagues with half-PPR scoring.

This post appeared first on USA TODAY

Arturo Gatti Jr. has died at the age of 17 in Mexico, where he lived with his mother on Wednesday, according to the World Boxing Association.

The son of the late Canadian boxer and Hall of Famer Arturo Gatti has recently been confirmed deceased by several close family members, including Gatti Sr.’s former bodyguard. However, the circumstances surrounding his death remain unclear, and details have yet to be released.

Gatti Jr. lost his father at a young age after what was initially considered a mysterious death in a hotel in Brazil in 2009. Later, Brazilian authorities ruled the death a suicide. From an early age, Gatti Jr. aspired to follow in his father’s footsteps, first aiming to compete in the Olympics as an amateur before shifting his focus to a professional boxing career.

‘The WBC sends its heartfelt condolences to the Gatti family, friends, and the entire boxing community mourning this so heartbreaking loss,’ the World Boxing Council wrote.

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

Canada One Mining (TSXV:CONE, OTC:COMCF, FSE:AU31) is an emerging explorer focused on the Quesnel porphyry belt, one of Canada’s most prolific critical mineral districts. Its flagship Copper Dome project, adjacent to the 45,000 t/day Copper Mountain mine (702 Mt at 0.24 percent copper, 0.09 grams per ton gold, 0.72 grams per ton silver), offers brownfield porphyry copper potential with strong discovery upside.

The flagship Copper Dome project is a 12,800-hectare, 100-percent-owned land package located just 1.5 km south of Hudbay Minerals’ Copper Mountain mine and 18 km from Princeton, British Columbia. With year-round road access, grid power, water supply, and nearby services, the project requires no camp or helicopter support and sits within a three-hour drive of Vancouver.

Positioned in the lower Quesnel porphyry belt—one of Canada’s most prolific porphyry copper districts—Copper Dome offers compelling exploration potential. Backed by a fully permitted, five-year drill program, the project is poised to deliver near-term results and game-changing catalysts.

Company Highlights

  • Flagship Copper Project in Tier-1 Jurisdiction: 12,800 ha Copper Dome land package, adjacent to Hudbay’s Copper Mountain mine, one of Canada’s most prominent copper operations.
  • Discovery Thesis: Porphyry cluster-style deposit potential; Copper Mountain deposit analogs average ~150 to 200 Mt.
  • Logistics Advantage: Year-round access, no camp/helicopters; 3 to 3.5 hrs from Vancouver; pine-beetle-thinned cover aids access.
  • Technical Uplift: Transitioning to four-acid digestion (industry standard) vs. the historical three-acid will, on average, return materially high metal values especially where minerals are more resistant to dissolution.
  • Near-term Catalysts: Five-year drill permits in place; upcoming geophysics, geochemistry and drill programs across multiple porphyry copper/gold zones.
  • Multiple Assets in Canada: In addition to Copper Dome, Canada One’s other exploration assets include the historical small-scale, past-producing Goldrop property and the Zeus gold project.
  • Valuation Upside: Market cap just below C$3 million provides significant leverage to discovery and exploration success.
  • Capital Strategy: Management will not finance below $0.10; interim self-funding to minimize dilution.
  • Experienced Leadership: Management team is supported by resource veterans such as Dave Anthony, head of the company’s advisory board, past COO of Barrick Africa and current CEO of Assante Gold Corporation (TSX:ASE) with a $1.7 billion market capitalization.

This Canada One Mining profile is part of a paid investor education campaign.*

Click here to connect with Canada One Mining (TSXV:CONE) to receive an Investor Presentation

This post appeared first on investingnews.com

Thanks to exchange-traded funds (ETFs), investors don’t have to be tied to one specific stock. When it comes to biotech ETFs, they give sector participants exposure to many biotech companies via one vehicle.

ETFs are a popular choice as they allow investors to enter the market more safely compared to investing in standalone stocks. A key advantage is that even if one company in the ETF takes a hit, the impact will be less direct.

All other figures were also current as of that date. Read on to learn more about these investment vehicles.

1. ALPS Medical Breakthroughs ETF (ARCA:SBIO)

AUM: US$95.57 million

Launched in December 2014, the ALPS Medical Breakthroughs ETF tracks small- and mid-cap biotech stocks that have one or more drugs in either Phase II or Phase III US FDA clinical trials. Its holdings must have a market cap between US$200 million and US$5 billion.

There are 102 holdings in this biotech fund, with about 40 percent being small- and micro-cap stocks. Its top holdings include Cytokinetics (NASDAQ:CYTK) at a weight of 3.62 percent, Merus (NASDAQ:MRUS) at 3.51 percent and Avidity Biosciences (NASDAQ:RNA) at 3.43 percent.

2. Tema Oncology ETF (NASDAQ:CANC)

AUM: US$82.42 million

The Tema Oncology ETF provides exposure to biotech companies operating in the oncology industry. Launched in August 2023, it includes companies developing a range of cancer treatments, including CAR-T cell therapies and bispecific antibodies.

There are 51 holdings in this biotechnology fund, of which just over half are small- to mid-cap stocks. Among its top holdings are Revolution Medicines (NASDAQ:RVMD) at a weight of 6.29 percent, Eli Lilly and Company (NYSE:LLY) at 5.47 percent and Genmab (NASDAQ:GMAB) at 5.32 percent.

3. Direxion Daily S&P Biotech Bear 3x Shares (ARCA:LABD)

AUM: US$78.98 million

The Direxion Daily S&P Biotech Bear 3x Shares ETF is designed to provide three times the daily return of the inverse of the S&P Biotechnology Select Industry Index, meaning that the ETF rises in value when the index falls and falls in value when the index rises. Leveraged inverse ETFs are designed for short-term trading and are not suitable for holding long-term. They also carry a high degree of risk as they can be significantly affected by market volatility.

Unlike the other ETFs on this list, LABD achieves its investment objective through holding financial contracts such as futures rather than holding individual stocks.

4. ProShares Ultra NASDAQ Biotechnology (NASDAQ:BIB)

AUM: US$62.42 million

The ProShares Ultra NASDAQ Biotechnology ETF, launched in April 2010, is leveraged to offer twice daily long exposure to the broad-based NASDAQ Biotechnology Index, making it an ideal choice “for investors with a bullish short-term outlook for biotechnology or pharmaceutical companies.” However, analysts also advise investors with a low risk tolerance or a buy-and-hold strategy against investing in this fund due to its unique nature.

Of the 260 holdings in this ETF, the top biotech stocks are Vertex Pharmaceuticals (NASDAQ:VRTX) at a 5.05 percent weight, Amgen (NASDAQ:AMGN) at 5.01 percent and Gilead Sciences (NASDAQ:GILD) at 4.93 percent.

5. Tema Heart and Health ETF (NASDAQ:HRTS)

AUM: US$51.68 million

Launched in November 2023, the Tema GLP-1 Obesity and Cardiometabolic ETF tracks biotech stocks with a focus on diabetes, obesity and cardiovascular diseases. The fund was renamed on March 25 from Tema Cardiovascular and Metabolic ETF, and again on June 27 from the GLP-1 Obesity and Cardiometabolic ETF.

There are 47 holdings in this biotechnology fund, with about 75 percent being large-cap stocks and 22 percent mid-cap. About three-quarters of its holdings are based in the US. Its top biotech holdings are Eli Lilly and Company at a 8.47 percent weight, AstraZeneca (NASDAQ:AZN) at 4.39 percent and Abbott Laboratories (NYSE:ABT) at 4.58 percent.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The oil market struggled in Q3 as prices continued to soften under mounting supply pressure.

Following moderate gains in H1, prices contracted through Q3, ending the quarter lower than their July 1 start positions.

Brent crude started the period at US$67.10 per barrel and finished at US$65.90, a 1.7 percent decline. Similarly, West Texas Intermediate (WTI) entered the 90 day session at US$65.55 per barrel, slipping to US$62.33 by September 30.

In its recently released energy, oil and gas report for the third quarter, Deloitte attributes the summer price slump to rising global oil inventories and OPEC+ easing production cuts sooner than expected.

“OPEC+ recently announced a 137 million barrels per day (MMbbl/d) production quota increase for October, beginning the reversal of 1.65 MMbbl/d of voluntary cuts that were originally set to stay in place through 2026,” it reads.

Supply has also exceeded demand in the US by 1.6 MMbbl/d between May and August, according to the US Energy Information Administration (EIA), fueling projections of further stock builds for the remainder of the year.

“We expect inventory builds will average 2.1 MMbbl/d in the second half of 2025 and will remain elevated through 2026, putting significant downward pressure on oil prices,” the EIA notes in its September short-term energy forecast.

WTI price performance, December 31, 2024, to October 6, 2025.

Oil prices under pressure amid rising inventories, sluggish demand

Such gains are unusual for the shoulder season, when demand typically dips to around 103 million to 104 million barrels per day, compared to 106 million in summer and winter, Schachter pointed out.

On the flip side, global oil demand in the third quarter remained subdued, with growth projections of approximately 700,000 barrels per day (bpd) for both 2025 and 2026, according to the International Energy Agency (IEA).

This marks a significant slowdown compared to the 2.8 percent growth observed in 2024.

The IEA attributes this deceleration to factors such as high interest rates, economic uncertainties and structural shifts in energy consumption patterns. Looking ahead, the organization projects a modest rebound in global oil demand, with an anticipated increase of 700,000 bpd in 2026. However, this growth is contingent upon factors such as economic stabilization, energy policy developments, and potential shifts in global trade dynamics.

“Demand is weaker. Inventories are high, OPEC is raising production, and so we have all of that, and we think that we’re going to see WTI below US$60,” said Schachter, adding that he expects to see WTI values sink to the US$56 to US$59 range in the fourth quarter.

Geopolitical tensions drive oil price volatility

Much of the oil price volatility exhibited in the third quarter was driven by geopolitical factors, according to Igor Isaev, Doctor of Technical Sciences, and head of Mind Money’s Analytics Center.

‘Prices have swung sharply, driven by a complex interplay of geopolitical flashpoints, punitive trade policies and structural changes in supply dynamics. From Tehran to Texas, the forces shaping global energy are no longer cyclical — they’ve become groundbreaking, unveiling symptoms of a broader recalibration of energy security and sovereignty.”

As Isaev explained, while these forces aren’t new, they have been especially impactful amid heightened global strife.

“At the heart of recent volatility lies a familiar trio: tariffs, conflict and fragility. US-China trade tensions have resurfaced in the form of targeted energy tariffs, while carbon border adjustments in Europe have added further complexities to global flows,” the expert explained. “Meanwhile, geopolitical instability in Iran, Venezuela, Russia and parts of Africa continues to inject a risk premium into every barrel.”

Despite all the market turbulence, Isaev noted that one steady factor persists — US shale’s balancing act. Once the industry’s great disruptor, shale now serves more as a pressure valve during supply crunches than a growth engine.

However its flexibility is waning. Higher interest rates, escalating service costs and maturing geology, particularly in the Permian Basin, have shifted producers’ focus from expansion to efficiency, he said.

“Its role heading into 2026 will be stabilizing, but not leading.”

For Schachter, the weak price environment falls below the incentive price for US shale producers.

Currently, shale production remains resilient, hitting 13.5 million barrels per day the first week of October, up 200,000 barrels from last year, he said. Producers continue to tap high-quality, tier-one reserves using advanced techniques like longer-reach, multi-leg wells and improved completions, keeping some operations profitable even at US$61.

Oil and gas M&A volume slows, but values surge

As uncertainty abounds companies continue to shy away from deal making. An August report from Wood Mackenzie notes that deal activity in 2025 is down 10 percent, to only 85 sector wide by mid-August.

“The number of deals has been declining progressively since 2022, making this the seventh consecutive half-year drop, with volumes now well below the ten-year average,” the firm’s analysis reads.

Despite the volume decline, values are on the rise.

“At US$71 billion, the overall value of disclosed deals was higher than the half-year average for the last five years, and a huge 80% higher than the unusually low total for the previous half year,” the report continues.

One of the largest deals announced during the quarter was Crescent Energy’s (NYSE:CRGY) acquisition of Vital Energy (TSXV:VUX,NYSE:VTLE), an all-stock deal valued at US$3.1 billion.

The deal will birth one of the 10 largest independent oil and gas producers in the US. The combined company will operate across major basins, including the Eagle Ford, Permian and Uinta.

Although deal volumes have retracted, both Isaev and Schachter anticipate majors heading to market in an effort to bolster their market share.

“M&A activity in North America is likely to accelerate,” said Isaev. “Consolidation will be driven not by land grabs, but by strategic repositioning — especially in LNG, CCS and low-carbon petrochemicals. I expect deals prioritizing operational efficiency, reserve quality and transition alignment over immediate revenue effect.”

For Schachter, majors play a pivotal role in securing today’s oil supply, as well as in funding the innovation for future oil production. “You’re always going to see the big boys go after the medium boys,” he said. “Once you find a good asset, you want to control more and more of it, so you buy other people up. So I think consolidation will be there.”

He went on to note that new technology will open up more plays offshore in the Gulf of Mexico.

“We haven’t really talked a lot about discoveries in the Gulf of Mexico for a long time; I think there will be new technology that will be applied to drilling,’ Schachter commented.

Accessing these offshore assets will not be cheap, as he estimates the wells there could cost upwards of US$50 million wells compared to under US$10 million for an onshore well.

“So that’s going to require the big boys to do that. But the prizes can be there, as we found with Guyana,” said Schachter, pointing to the Caribbean nation’s growth from no output to over 600,000 barrels per day currently.

Gas demand weakens as LNG expansion fuels potential Asian growth

After a sharp rebound in 2024, global natural gas demand slowed notably in the first half of 2025 as high prices, tight supply and economic uncertainty curbed consumption.

That was particularly true in Asia, where both China and India posted year-on-year declines.

Starting the third quarter at US$3.43 per million British thermal units, natural gas values contracted through July and August sinking to a year-to-date low of US$2.73 on August 20, 2025.

Values have since regained lost ground ending the three month period in the US$3.35 range.

Natural gas price performance, December 31, 2024, to October 6, 2025.

As noted in the IEA’s Q3 gas market report, Europe’s LNG imports are on track to hit record highs this year, driven by storage needs and reduced Russian pipeline flows.

Meanwhile, China’s imports are falling amid weaker demand and competition for cargoes, and ongoing geopolitical tensions, including the Israel-Iran conflict, have added volatility and uncertainty to an already fragile market.

Isaev underscored the importance of geography and regional tensions in relation to the gas market.

“In the natural gas arena, the pivot is predominantly geographic. European demand has somewhat rebounded, driven by colder winters and a continued retreat from Russian pipeline gas,’ he said.

Asia, by contrast, has seen softer industrial demand and increased reliance on domestic coal. For Canadian and US producers, this shift presents a strategic opening,” Isaev continued.

He went on to explain that LNG export infrastructure expansion, from BC to the US Gulf Coast, and long-term contracts with European buyers are “becoming geopolitical tools as much as commercial deals.”

While Schachter sees moderate European demand growth due to sluggish economic expansion, the longer-term surge is expected from Asia. As he pointed out, countries such as Japan, South Korea, China and Vietnam, which lack domestic reserves, will increasingly import LNG from sources like Australia, Papua New Guinea, the Gulf Coast and Canada.

‘And prices (in Asia) might be US$11 to US$12 compared to US$3.50 in the US,” said Schachter.

Looking ahead, the EIA forecasts that LNG supply growth is expected to surge in 2026 — led by new output from the US, Canada and Qatar — easing market pressures and potentially reigniting demand across Asia.

Oil and gas market forecast for Q4

Moving into the rest of 2025 and early 2026, Schacter warned that weather remains a key wildcard for energy markets.

He recommended watching whether winter will be mild or unusually cold, as Arctic fronts could spike oil and natural gas prices. Early forecasts, including those from the Farmers’ Almanac, suggest a colder-than-normal winter, though factors like El Niño could influence outcomes and add further uncertainty.

The oil and gas sector veteran, who will be hosting his annual Catch the Energy conference in Calgary in mid-October, also cautioned that global geopolitical risks remain a key market driver. Any disruptions in strategic chokepoints like the straits of Malacca or Hormuz, which could block crude shipments, have the potential to push oil prices higher.

‘And if we do, that’s going to be very, very good for the industry.”

Isaev pointed to OPEC+ tactical production, US shale prioritizing capital discipline over output growth, and LNG shipments to Europe and Japan being increasingly influenced by geopolitical dynamics, as key trends to watch.

“When you factor in the ongoing tensions in the Middle East and West Africa, along with the regulatory shifts surrounding carbon pricing and exploration permits, it’s evident that 2025 isn’t just going to be volatile — it’s a year for strategic realignment,” he said. “The advantage will go to those who can skillfully navigate this complexity, foresee critical turning points and invest their capital with both accuracy and creativity.”

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

  • Florida Panthers’ quest for third consecutive championship opens with win vs. Chicago Blackhawks.
  • Newcomers help Pittsburgh Penguins defeat New York Rangers on opening night of the 2025-26 NHL season.
  • The first fight of the 2025-26 NHL season featured Nick Foligno of the Chicago Blackhawks vs. A.J. Greer of the Florida Panthers.

The Florida Panthers raised their Stanley Cup banner on the opening night of the 2025-26 NHL season and showed the efficiency they need to push for a third consecutive championship.

The Panthers downed the Chicago Blackhawks, 3-2, on Oct. 7, dominating early by outshooting them 17-3 and in the first period and 37-19 for the game. Only the play of Chicago goalie Spencer Knight, traded by the Panthers last season, kept the game close.

Though the Blackhawks tied the game in the second period, Jesper Boqvist batted the puck out of the air in the third period to give Florida a 3-2 lead it wouldn’t relinquish.

The Panthers showed they had the depth they need with Aleksander Barkov out seven to nine months and Matthew Tkachuk out until December or longer.

And they avoided more injuries as Sam Reinhart and Evan Rodrigues left briefly and A.J. Greer was slow getting up at one point. But all finished the game.

Exclusive book: Relive the Panthers’ latest Cup

The Pittsburgh Penguins shut out the New York Rangers, 3-0, in the second game of the opening night ESPN tripleheader behind offseason acquisition Arturs Silovs. Another newcomer, Justin Brazeau, scored twice, the first one on a Rangers defensive breakdown that left him alone in front.

Coach Mike Sullivan, in his Rangers debut, fell to his former team, now led by first-time NHL head coach Dan Muse.

In the final game of the NHL’s season-opening tripleheader, the Colorado Avalanche defeated the Los Angeles Kings, 4-1.

Here are highlights from the NHL’s opening night:

Avalanche vs. Kings highlights

Final score: Avalanche 4, Kings 1

Martin Nečas scored two goals as the Colorado Avalanche picked up a season-opening road win over the Kings in Los Angeles.

Artturi Lehkonen and Sam Malinski scored a goal apiece for Colorado, which is hoping its embarking on a ninth consecutive playoff season.

Rangers vs. Penguins highlights

Final score: Penguins 3, Rangers 0

Big night by Justin Brazeau, who had two goals in his Penguins debut. His first, late in the first period, was the game-winner. He then added an empty-netter, as did Blake Lizotte. Goalie Arturs Silovs also had a solid Penguins debut, recording a 25-save shutout.

All of the pregame focus was on new Rangers coach Mike Sullivan facing his former team, but Dan Muse ended up with the win in his NHL head coaching debut.

End of second period: Penguins 1, Rangers 0

The Rangers looked better in that period but they can’t get the puck past Arturs Silovs. He made a big save on Mika Zibanejad to keep the Rangers scoreless.

End of first period: Penguins 1, Rangers 0

Pretty evenly played period. Rangers could have escaped with a tie, but gave up a Justin Brazeau goal because of a defensive breakdown off a faceoff.

Who is Justin Brazeau?

Justin Brazeau, the Penguins scorer, signed a two-year contract and is in his first year in Pittsburgh. The 6-6 forward previously had played with the Minnesota Wild and Boston Bruins. He had 16 goals in 95 games heading into the season.

Score update: Justin Brazeau gives Penguins lead

A Rangers defensive breakdown leads to Justin Brazeau’s goal with 32 seconds left in the first period. He’s left alone in front, takes a pass from Evgeni Malkin and makes a nice move to beat Igor Shesterkin.

Rangers vs. Penguins prediction

4-3 Rangers. Coach Mike Sullivan gets a win against his former team.

Panthers vs Blackhawks highlights

Final score: Panthers 3, Blackhawks 2

The Panthers showed a lot of speed to get past the Blackhawks in the opener. Chicago goalie Spencer Knight was called upon often and kept his team in the game. But though the Blackhawks scored first and tied the game in the second, Florida’s depth won out. Blackhawks forward Frank Nazar will be dangerous this season.

Panthers win

The plastic rats fly onto the ice as the Panthers open their defense of their Stanley Cup title with a 3-2 victory against the Blackhawks.

Spencer Knight goes to the bench

It took a while but the Blackhawks goalie is finally able to get to the bench for an extra skater.

Less than five minutes left

Chicago’s Spencer Knight makes a glove save on Brad Marchand to keep the score 3-2 Florida.

Score update: Panthers take lead

Mackie Samoskevich chips a pass to Jesper Boqvist, who bats in out of the air and past Spencer Knight at 9:40. Panthers 3, Blackhawks 2

Blackhawks power play

Luke Kunin called for high-sticking. Chicago 0-for-2 so far. Florida kills it off. Ryan Donato makes several nice moves but is stopped by Sergei Bobrovsky.

Third period underway

Score tied 2-2.

End of second period: Panthers 2, Blackhawks 2

The Blackhawks played better that period after getting badly outshot in the first period. Teuvo Teravainen tied the game early and drew a couple penalties, but the Blackhawks couldn’t convert on the power play. The Panthers played briefly without Sam Reinhart and Evan Rodrigues after they were hit by pucks, but they returned. A.J. Greer was slow to get up late in the period.

Sam Reinhart injury update

He’s back on the ice after getting stitched up.

Blackhawks power play

Seth Jones goes off for slashing. Panthers kill it off. Sergei Bobrovsky makes a shoulder save on Connor Bedard.

Panthers injury updates

Evan Rodrigues is back on the ice. Coach Paul Maurice tells ESPN that Reinhart is getting sewn up and should be back soon.

Evan Rodrigues injury update

The Florida forward is helped off the ice after being hit by a puck in the leg. He joins teammate Sam Reinhart in the dressing room.

Blackhawks power play

Brad Marchand is called for holding the stick. Florida kills it off but Sam Reinhart heads off after being hit by a puck in the face.

Score update: Blackhawks tie it up

The Blackhawks come out strong in the second period with two breaks up ice. Teuvo Teravainen scores on the second chance off a 2-on-1 break with Frank Nazar. Nazar picks up his second point of the game.

Second period underway

2-1 Florida.

End of first period: Panthers 2, Blackhawks 1

Fun period, but it showed why the Panthers are Cup winners and the Blackhawks are expected to finish near the bottom of the league. Florida had a 17-3 edge in shot, but ex-Panthers goalie Spencer Knight is keeping it close with some big saves. Anton Lundell hit the post late to keep it a one-goal game. A.J. Greer has a goal and a fight. Needs an assist for a Gordie Howe hat trick.

First fight of the season

Chicago’s Nick Foligno vs. Florida’s A.J. Greer.

Score update: Carter Verhaeghe puts Florida ahead

Verhaeghe gets the puck at the side of the crease and beats Spencer Knight on the power play. 2-1 Panthers.

Panthers go on power play

Artyom Levshunov goes to the penalty box again, this time for tripping Brad Marchand.

Score update: Panthers tie game

The Panthers fourth line comes through as A.J. Greer scores on a rebound at 11:06. 1-1.

Score update: Blackhawks take lead

Chicago’s Frank Nazar gets a breakaway and beats Sergei Bobrovsky at 10:03. He just signed a big extension and is in the mix for Team USA at the Olympics. 1-0 Blackhawks.

Panthers go on power play

Artyom Levshunov is called for slashing. Blackhawks kill it off. Panthers get one shot on goal.

Game update: Scoreless so far

No score through the first five minutes. Connor Bedard hit the crossbar. Spencer Knight stopped a Panthers 2-on-1 break.

Puck drops

The 2025-26 NHL season is underway.

Blackhawks lineup

Panthers lineup

Panthers’ Stanley Cup banner raised

Panthers players watch as the 2025 Stanley Cup banner goes to the rafters. Now, it’s on to the 2025-26 season and an attempt for a third consecutive championship.

Panthers on the ice

Aaron Ekblad carries the Stanley Cup out onto the ice. Injured Aleksander Barkov and Matthew Tkachuk are on the bench in street clothes.

When is NHL opening day 2025?

The 2025-26 NHL season opens on Tuesday, Oct. 7 with three games:

  • Chicago Blackhawks at Florida Panthers, 5 p.m. ET
  • Pittsburgh Penguins at New York Rangers, 8 p.m. ET
  • Colorado Avalanche at Los Angeles Kings, 10:30 p.m. ET

How to watch, stream NHL opening night

  • TV: ESPN
  • Streaming: Games can be streamed on ESPN Unlimited and on Fubo, which offers a free trial for new subscribers.

Watch NHL games on Fubo

Where to watch Blackhawks vs. Panthers

The game is being shown on ESPN.

Blackhawks’ Spencer Knight makes homecoming

Goalie Spencer Knight will be playing in Amerant Bank Arena for the first time since he was traded to the Blackhawks on March 1. The 2019 first-round pick was sent to Chicago, along with a first-round pick, trade for defenseman Seth Jones.

T.J. Oshie joins ESPN studio panel

‘Finally got a good-looking guy on the panel,’ Marchand interrupted, laughing. ‘It’s nice having someone good to look at.’

NHL 2025-26 points projections

NHL teams’ home openers

The Panthers, Rangers and Kings are holding their home openers on Oct. 7. Here’s when the other 29 teams will hold theirs.

  • Anaheim Ducks: Oct. 14 vs. Penguins
  • Boston Bruins: Oct. 9 vs. Blackhawks
  • Buffalo Sabres: Oct. 9 vs. Rangers
  • Calgary Flames: Oct. 11 vs. Blues
  • Carolina Hurricanes: Oct. 9 vs. Devils
  • Chicago Blackhawks: Oct. 11 vs. Canadiens
  • Colorado Avalanche: Oct. 9 vs. Mammoth
  • Columbus Blue Jackets: Oct. 13 vs. Devils
  • Dallas Stars: Oct. 14 vs. Wild
  • Detroit Red Wings: Oct. 9 vs. Canadiens
  • Edmonton Oilers: Oct. 8 vs. Flames
  • Minnesota Wild: Oct. 11 vs. Blue Jackets
  • Montreal Canadiens: Oct. 14 vs. Kraken
  • Nashville Predators: Oct. 9 vs. Blue Jackets
  • New Jersey Devils: Oct. 16 vs. Panthers
  • New York Islanders: Oct. 11 vs. Capitals
  • Ottawa Senators: Oct. 13 vs. Predators
  • Philadelphia Flyers: Oct. 13 vs. Panthers
  • Pittsburgh Penguins: Oct. 9 vs. Islanders
  • St. Louis Blues: Oct. 9 vs. Wild
  • San Jose Sharks: Oct. 9 vs. Golden Knights
  • Seattle Kraken: Oct. 9 vs. Ducks
  • Tampa Bay Lightning: Oct. 9 vs. Senators
  • Toronto Maple Leafs: Oct. 8 vs. Canadiens
  • Utah Mammoth: Oct. 15 vs. Flames
  • Vancouver Canucks: Oct. 9 vs. Flames
  • Vegas Golden Knights: Oct. 8 vs. Kings
  • Washington Capitals: Oct. 8 vs. Bruins
  • Winnipeg Jets: Oct. 9 vs. Stars

Panthers vs. Blackhawks prediction

5-2 Florida. The Panthers are two-time champions and have plenty of talent, even without Aleksander Barkov and Matthew Tkachuk in the lineup. The Blackhawks are rebuilding and will be a lottery team.

Panthers championship rings details

The Panthers received championship rings Monday, Oct. 6, and they pulled another rat trick.

Like the rings from 2024, the latest edition includes an engraved rat, a nod to the fans’ tradition of throwing plastic rats onto the rink after victories.

The Panthers received the rings in a private event at War Memorial Auditorium in Fort Lauderdale, Florida, and they feature more than vermin. The rings, handcrafted in white and yellow gold, include more than 450 diamonds and genuine rubies, according to a press release issued by the Panthers. – Josh Peter

Panthers injury updates

The Panthers are missing two key players as they open defense of their back-to-back titles.

Captain Aleksander Barkov will miss seven to nine months after he had knee surgery in September. He was injured during practice and had his ACL and MCL repaired.

The Panthers also are missing Matthew Tkachuk, who had offseason surgery to repair a torn adductor muscle and a hernia. He’s out until ‘December-ish,’ general manager Bill Zito said.

This post appeared first on USA TODAY

Dallas Cowboys owner Jerry Jones was seen raising his middle finger during Dallas’ 37-22 win over the New York Jets on Sunday at MetLife Stadium. The 82-year-old will pay a hefty price for doing so.

The NFL is fining Jones $250,000 for his gesture, ESPN’s Adam Schefter reports.

Jones was asked about his actions during his weekly spot on 105.3 The Fan in Dallas on Tuesday. The octogenarian owner insisted his gesture was ‘inadvertent.’

‘That was unfortunate. That was kind of an exchange with our fans out in front of us,’ Jones said Tuesday on 105.3 The Fan in Dallas, per ESPN. ‘There was a swarm of Cowboys fans out in front – not Jets fans, Cowboys fans. The entire stadium was brimming with enthusiasm of the Cowboys and certainly late in the game.

‘[The gesture] was inadvertent on my part because that was right after we made our last touchdown, and we were all excited about it. There wasn’t any antagonistic issue or anything like that. I just put up the wrong show on the hand. That was inadvertently done. I’m not kidding. If you want to call it accidental, you can call it accidental. But it got straightened around pretty quick. I had a chance to look at it. It got straightened out pretty quick, but the intention was ‘thumbs up,’ and basically pointing at our fans because everybody was jumping up and down excited.’

This isn’t the first time an NFL owner has been fined for raising his middle finger to fans. In 2009, Bud Adams – then the owner of the Tennessee Titans – was given a $250,000 fine for making an obscene gesture after his team beat the Buffalo Bills 41-17.

Adams apologized for his actions at the time in a statement.

‘I got caught up in the excitement of a great day, but I do realize that those types of things shouldn’t happen,’ Adams said, per ESPN. ‘I need to specifically apologize to the Bills, their fans, our fans and the NFL.

‘I obviously have a great deal of respect for [Bills owner] Ralph Wilson and the history we have shared. I also understand there will probably be league discipline for my actions and I will accept those.’

This post appeared first on USA TODAY