WTI News and Press, W&T Offshore Inc. From 06/07/22

Exxon Mobil (NYSE:XOM) closed +4.6% in Tuesday's trading to easily breach $100 and reach its highest level in eight years, closing less than a dollar from its all-time closing high of $104.38 set on June 23, 2014. Exxon (XOM) enjoyed some Wall Street love from Evercore ISI, which upgraded the...

Energy commodities were muted most of the day Tuesday, with oil (USO) down for the majority of the session, gasoline and diesel lower on the day, natural gas (UNG) flat and thermal coal down over 6.0%. However, bullish notes from Goldman and Jefferies lifted energy equities throughout th...

W&T Offshore is a small E&P focused on the Gulf of Mexico and run by a CEO who owns a third of outstanding shares. Despite hedging requirements from lenders, they bought a significant position in natural gas calls during 2021 to preserve upside to spot pricing. While most ...

Shares of W&T Offshore Inc. (NYSE:WTI) traded today at $8.01, eclipsing its 52-week high. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 4.7 million shares. In the past 52 weeks, W&T Offshore Inc. share prices are bra...

Revenues increased by 52% to $191.004 million in the first quarter from $125.65 million a year ago and up 15.3% sequentially. Production for the first quarter of 2022 was 37.8k Boepd, which was above the midpoint of the guidance range provided for the quarter. I recommend tak...

Vaalco's growth program continues to drive production upwards. EGY is not impacted by ESG concerns and regulation to a significant degree. Following 200%+ gains since we initiated coverage, EGY still does not look expensive. For further details see: Drill Baby Drill: Vaa...

Energy stocks (NYSEARCA:XLE) rose as crude oil posted a sixth straight weekly advance, after markets shrugged off OPEC's modest production boost that seems unlikely to make up for lost supply from Russia and meet China's growing demand as it eases COVID restrictions. The group said it would r...

What's Working is "Risk On" and What's Not Working are Bonds and Defensive Sectors. Enterprise Tech is Starting to Show Signs of Strength. Energy Continues Higher, Despite Higher Supply from OPEC+. For further details see: Is Tech Looking Better? Retail Sure Isn't; Energ...

Shares of W&T Offshore Inc. (NYSE:WTI) traded today at $7.84, eclipsing its 52-week high. This new high was reached on below average trading volume as 2.5 million shares traded hands, while the average 30-day volume is approximately 4.8 million shares. W&T Offshore Inc is an oil ...

Laredo Petroleum (LPI) rallied ~20% Wednesday, after the company announced a $200m share repurchase Tuesday. Along with Q4 results, the company planned to allocated 100% of free cash flow to debt reduction in 2022; however, given the rise in oil prices (USO) and rally in gas prices (UNG), the...