WTI News and Press, W&T Offshore Inc. From 02/27/23

HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced the timing of its fourth quarter and full year 2022 earnings release and conference call, as well as its participation in the 35 th Annual Rot...

Summary Kingdom Capital Advisors (KCA Value Composite) returned 7.19% net of fees in the fourth quarter. KCA finished the year with over 40% net outperformance versus the S&P 500. We are pleased by our performance in 2022 and look forward to improving on our process in 2023. ...

Summary Energy was the best performing S&P 500 sector in 2022 but crude prices have fallen sharply thanks to concerns about an economic slowdown. Despite near-term challenges, we remain constructive on energy stocks thanks to constraints on supply and attractive valuations. The ...

Summary The company’s financial position looks healthy and it reported strong Q3 results. It is focused on returning value to shareholders through dividends and share repurchases. Demand for energy commodities will drive the stock’s future performance. Investment...

Oil and gas production company W&T Offshore ( NYSE: WTI ) closed a $275M private offering of 11.75% senior second lien notes due 2026. The net proceeds, along with cash on hand, will be used to fund the redemption of all of WTI's 9.75% senior second lien notes due 2023. S...

HOUSTON, Jan. 30, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced the closing of its previously announced offering of $275 million in aggregate principal amount of 11.75% Senior Second Lien Notes due 202...

Summary Oil prices have been rangebound as supply-demand dynamics remain uncertain. Pioneer is slowly increasing production, but its fortunes hinge on oil prices. Pioneer is one of the more efficient oil producers, so cash flow should remain steady. Pioneer Natural Resources (...

Summary W&T Offshore, Inc. prudently seized upon the booming oil prices of 2022 to clean up their balance sheet. Despite oil prices sliding lower, this has continued since conducting my previous analysis with their net debt plunging. W&T Offshore could hit zero net debt late...

Summary W&T Offshore has been generating record cash flows in 2022 on the back of strong energy prices and opportunistic one-off hedge monetization. With the redemption of the outstanding US$552.5M of 9.75% 2023 Notes with cash and US$275M of 11.75% Notes in new debt, the company wi...

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...