Beef Stew in Red Wine Sauce - Tailgate Guru

Ingredients

• 1 TBSP unsalted butter
• 2 TBSP extra virgin olive oil
• 2 pounds trimmed beef flatiron steak or chuck, cut into 8 pieces
• Salt
• Freshly ground black pepper
• 1 cup finely chopped onion
• 1 TBSP finely chopped garlic
• 1 TBSP all-purpose flour
• One 750-milliliter bottle dry red wine
• 2 bay leaves
• 1 thyme sprig
• One 5-ounce piece of pancetta
• 15 pearl or small cipollini onions, peeled
• 15 cremini mushrooms
• 15 baby carrots, peeled
• Sugar
• Chopped fresh parsley, for garnish