research(energy): PRA-889 Tier-2 backfill batch 1 — 8 deep-dive pages

[Pragadeesh122]

Summary

Tier-2 backfill (batch 1 of 2) for PRA-889 — 8 of 15 remaining in-scope Energy & Commodities names.

• MPC (Marathon Petroleum) — refiner, fresh 52-wk high on sector-wide crack-spread rally
• FTI (TechnipFMC) — subsea/offshore OFS, near-ATH on contract-award momentum
• DINO (HF Sinclair) — refiner, cheapest forward multiple in group; leadership shakeup ahead of print
• ET (Energy Transfer) — midstream MLP, ~6.8% yield, AI/data-center gas-demand pivot
• TRGP (Targa Resources) — midstream, growth story at a premium multiple
• OKE (ONEOK) — midstream, highest yield of the three, M&A synergy delivery
• OXY (Occidental Petroleum) — E&P, Berkshire-anchored deleveraging story
• FANG (Diamondback Energy) — E&P, largest pure-play Permian independent

Each page: thesis, valuation basis, dateable Q2 catalyst, key risks, fresh 07-09 prices/timestamps per live web reads.

Remaining Tier-2 backlog

EOG, EPD, DTM, BKR, LNG, AR, EXE (7 names) — next session/batch.

Test plan

• Frontmatter schema matches existing research pages (ticker/name/sector/desk/sourceIssue/updated/conviction/status/action/catalyst/priceAsOf)
• CI checks (4 required)