WTI News and Press, W&T Offshore Inc. From 04/22/22

Crude oil futures fell for the third week out of the last four, as investors worried that weaker global growth, higher interest rates and COVID-19 lockdowns in China will hurt demand. WTI crude for June delivery (CL1:COM) closed -4.1% for the week to settle at $102.07/bbl, while June Brent (C...

HOUSTON, April 20, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced the timing of its first quarter of 2022 earnings release and conference call. The Company is scheduled to issue its first quarter of 2022 e...

Palm Beach, FL – April 19, 2022 – FinancialNewsMedia.com News Commentary – Oil sands, the workhorse of Alberta’s — and Canada’s — crude oil production growth, achieved a record production year in 2021. A steady turnaround in crude...

Why These High-Volume Penny Stocks Are Climbing Right Now Using volume as an indicator for which penny stocks are worth buying can be a great addition to your strategy. While volume is not always the reason a penny stock is gaining, it can be a symptom of a large move. Today, we saw maj...

Energy (NYSEARCA:XLE) comfortably leads the S&P sector standings Monday as crude oil prices touched their highest levels so far this month as Libya's biggest oilfield was shut by protests and natural gas futures climbed to 13-year highs. Adding to supply pressures from sanctions on Russia...

HOUSTON, April 11, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that Shahid A. Ghauri, W&T’s Vice President, General Counsel and Corporate Secretary is leaving the Company to pursue other pers...

Oilfield services stocks have been major beneficiaries of rising crude oil prices, and Piper Sandler upgraded Schlumberger (NYSE:SLB) on Monday to Overweight from Neutral with a $55 price target as part of a larger re-rating of the industry. The shortages of rigs and other supplies today are ...

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 bel...

W&T Offshore (WTI), a pure-play US e&p focused on the Gulf of Mexico, announced a bolt-on acquisition Tuesday. The assets, acquired from a private operator in the Gulf, include 2.0mb of 2P reserves, produce ~900boe/d (80% oil) and come at a cost of $17.5m. The assets increase the comp...

HOUSTON, April 05, 2022 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that it has acquired the remaining working interests in the oil and gas producing properties purchased earlier this year from an undisclose...