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• Major U.S. stock indexes close out volatile February in the red
  U.S. stocks closed lower Tuesday, with the S&P 500 finishing February with the worst monthly performance...
  U.S. stocks closed lower Tuesday, with the S&P 500 finishing February with the worst monthly performance since December amid heightened worries over sticky inflation. The Dow Jones Industrial Average DJIA closed 0.7% lower Tuesday, while the S&P 500 SPX fell 0.3% and the technology-heavy Nasdaq Composite COMP edged down 0.1%, according to preliminary data from FactSet. For the month, the Dow shed 4.2%, while the S&P 500 slid 2.6% and the Nasdaq slipped 1.1%, preliminary FactSet data show. Stocks sold off in February after bond-market concerns over stubbornly high inflation sparked a rise in Treasury yields. Information technology was the sole sector of the S&P 500 to finish the month in the green, up around 0.3%.
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• Ovintiv Reports a Record 2022
  A milestone year. A record year. It’s what leaders at Denver-based Ovintiv Inc. described...
  A milestone year. A record year. It’s what leaders at Denver-based Ovintiv Inc. described the financial results for Q4'22 and all of 2022.
  
  Net earnings for the full year totaled $3.6 billion and the cash from the operating activities was $3.9 billion. The company also reduced its total long-term debt by nearly $1.2 billion and returned $958 million to shareholders through base dividend payments and share buybacks.
  
  In 2023, Ovintiv plans to run three rigs in the Permian Basin and bring on up to 80 net wells for the remainder of the year.
  
  In the Anadarko Basin where Ovintiv had huge success with large producing wells in the STACK play, the company intends to run only one rig but still bring on 25 to 35 net wells.
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• US shale firms to see tougher business conditions in 2023
  Higher capital spending plans announced by US shale operators for 2023 are unlikely to translate into...
  Higher capital spending plans announced by US shale operators for 2023 are unlikely to translate into significant gains in US oil and natural gas production and profits, due to constraints caused by cost inflation and maturing shale fields. Analysts predict a challenging environment for oil and gas producers this year and increased dealmaking activity, as companies resort to acquiring rivals to expand fast-depleting drilling inventories.
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• ☕️What Else is Brewing Tuesday Morning
  Treasury Secretary Janet Yellen made a surprise visit to Ukraine to demonstrate that the ...
  Treasury Secretary Janet Yellen made a surprise visit to Ukraine to demonstrate that the US supports the country economically.
  
  Elon Musk defended Dilbert creator Scott Adams after the cartoon was dropped from several newspapers over Adams’s racist remarks. Adams was cut loose by a comics syndicator and a book publisher yesterday.
  
  TD Bank has agreed to pay $1.2 billion to settle claims it aided a $7 billion Ponzi scheme.
  
  Greta Thunberg and other activists are targeting Norway’s energy ministry over a wind farm they say gets in the way of indigenous people raising reindeer.
  
  The Pokémon Company will release a game you play by sleeping later this year.
  
  
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• U.S. home prices fell for sixth straight month in December: S&P Case-Shiller
  Single-family house prices continued to slow in December, according to data released...
  Single-family house prices continued to slow in December, according to data released Tuesday.
  
  Home prices nationally fell a seasonally-adjusted 0.3% in December from the month prior, according to S&P CoreLogic Case-Shiller Home Price Indices data released Tuesday. On a year-over-year basis, they rose 5.8%—but slower than the 7.6% gain a month prior.
  
  The Case-Shiller index tracking prices in 20 of the nation’s largest metropolitan areas moved similarly. Home prices in that index fell a seasonally-adjusted 0.5% from the month prior, and were up 4.6% year-over-year, in line with FactSet consensus expectations.
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