WTI News and Press, W&T Offshore Inc. From 01/12/23

W&T Offshore ( NYSE: WTI ) on Thursday announced the pricing of its previously announced offering of $275 million 11.750% senior second lien notes due 2026. The closing of the offering of the notes is expected to occur on January 27, 2023. The company intends to use the ne...

HOUSTON, Jan. 12, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced the pricing of its previously announced offering of $275 million in aggregate principal amount of 11.750% senior second lien notes due 20...

Summary W&T has been battered recently as natural gas futures collapsed since reaching their unsustainable highs in August/September 2022. However, China could be a vital player in helping to undergird the recovery in the energy sector, bolstering OPEC+'s efforts. Still, China's...

W&T Offshore ( NYSE: WTI ) shares rose 4% on Monday after the oil and natural gas producer proposed to sell $275M in aggregate principal amount of senior second lien notes due 2026 in a private offering. Net proceeds of the offering, along with cash on hand, will be used r...

HOUSTON, Jan. 09, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced its intention to offer, subject to market and other conditions, $275 million in aggregate principal amount of senior second lien notes du...

Summary In 2022, the blended total return of my two managed accounts was +5.3%. In baseball parlance, in 2022, I hit exactly 'zero' extra base hits and had to manufacture runs - meaning hitting a lot of singles, stealing bases, and hitting sacrifice flies. 2022 was one of the most d...

Summary Oilfield services may outperform E&P. Small-cap oil equities should catch up with large-cap. The capital allocation may be shifting from onshore/short-cycle to offshore/long-cycle. As we are bidding farewell to 2022, I wanted to share some high-level thoughts o...

Summary WTI improved tremendously its financial situation in 2022. The credit markets don't appreciate it, even though the 2023 bonds can be settled in cash. The poor credit perceptions weigh down on equity too. WTI remains one of the most discounted U.S. producers on cash flow,...

Summary There is a bull market for energy, which should continue. Smaller companies like Vista Energy have more room on the upside vs. larger companies. Although this company has been covered by analysts, it has not been covered widely enough to impact the price. We have b...

Summary WTI has a lot of room to move up, given the recent demand for Oil. Consumers are shifting to purchase from the US and US companies. The Market Cap of WTI is less than 1 Billion USD, making this a steal. W&T Offshore ( WTI ) is not well known like the larger...