WTI - W&T Offshore: Fundamentals Are Better Despite The Short Selling

• W&T Offshore has relatively long-life oil and gas reserves at a significant discount to NAV.
• Near-term cash flow is improving despite the drag from unfavorable hedges.
• Liquidity and refinancing prospects are much better than a year ago.
• The recent drop from above $6 to below $4 coincides with an increase in the short interest and has nothing to do with the fundamentals.
• I used the buying opportunity to add to my position.

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