WTI - W&T Offshore: Holy Grail Delayed Further No Immediate Catalyst In Site
2024-03-11 12:46:35 ET
Summary
- W&T Offshore postponed yet again the Holy Grail drilling prospect.
- The company remains deeply undervalued on an asset basis.
- However, without any clear catalyst in sight it's not clear what will prompt the market to apply a higher multiple.
- Moreover, WTI stock broke below an important support area and is still in search for a new bottom.