W and T Offshore Inc (WTI)

[sharky]

Oil making moves




$WTI

[americano]

$40 plus and I am not kidding if oil goes back above $80

[sharky]

Possibly headed back to 4.00's+ IMO, loving the trend and been watching for awhile now, buying more here and there.



$WTI

[sharky]

Chart correcting, moving




$WTI

[americano]

shark looks good today 4 wti

[sharky]

Thinking these shares golden below 2.00's




$WTI

[americano]

wti looks like she maybe getting ready

[Taurus69]

$wti $1.72 ? 0.0 (0.00%)
Volume: 0 @-

[sharky]

Plenty of room to run here




$WTI

[equijohn]

Been that way for a while

[Benztrader]

Oversold!!

[Taurus69]

$wti $1.4 v -0.07 (-4.76%)
Volume: 3,049,846 @10/30/20 7:30:37 PM EDT

[Taurus69]

$wti $1.74 v -0.13 (-6.95%)
Volume: 5,616,063 @10/06/20 7:29:05 PM EDT

[Taurus69]

$wti $1.8 ? 0.0 (0.00%)
Volume: 3,115,147 @09/11/20 7:58:09 PM EDT

[sharky]

Oversold and undervalued IMO



$WTI

[americano]

Just got back from fishing looks like volume is better today

[sharky]

Nice, been here since April I believe and holding all. All oil prices should be going up eventually, and will help the company.



$WTI $OIL

[americano]

I was not surprised when I sparked this up today with my AON buy penny above book but ameraturd did fill me at the ask!! This thing will explode once any vol starts, Nat Gas has rocketed in last couple weeks they will make a profit this ER when Analists are at negator .17 analist have under estimated this for 4 years I got lucky and doubled down on this close to the bottom took out a lone and payed it off!! I know this to be a great company watched the stock for years before jumping in !! Great evening to ya , going fishing gotta hook up jeep to motor home hit the beach fishing north of Umqua River maybe Siltcoos beach also!!

[sharky]

Oversold, and looking forward to 4.00 break ahead IMO



$WTI $OIL

[americano]

I hit the Ask and sparked it this morning with AON order penny above market they went ape for little bit AON sneaks up on em better I think, I need a shark too!!

[sharky]

Looks great, reduced costs, paid debt. Price is oversold because of the virus.



$WTI

[Tbags7]

Earnings Aug 5 - predictions?!

[Taurus69]

$wti $2.26

[sharky]

WTI 50ma at 3.49 on the weekly




$WTI

[Tbags7]

Agreed sharky

[sharky]

Buy when insiders buy $$$



$WTI

[Tbags7]

Forget $30 like Kodak...I will take $3 right now!

[equijohn]

CEO buying up shares in the low $2 range , what does he know ?

Similar inside Buying around the two dollar Price point for another stock , $WTI, wonder if it will have the same result 🤔. https://t.co/TPlmjzw6IN

— John Equi (@equijohn) July 29, 2020

[Taurus69]

$wti $2.47 v -0.1 (-3.89%)
Volume: 3,906,916 @07/17/20 7:50:22 PM EDT

[sharky]

WTI churning, looking for 3.00 break soon IMO


$WTI

[Taurus69]

$wti $2.3 ^ 0.15 (6.98%)
Volume: 7,322,241 @07/10/20 7:59:47 PM EDT

[Mygolfballs]

500,000,000 debt

Ouch

[Mygolfballs]

Why is it still going down?

[Taurus69]

$wti $2.23

[Mygolfballs]

Ratinga cut from SD to ccc ??

[equijohn]

Oil dropped a couple of days ago , and maybe this

http://www.moodys.com/page/viewresearchdoc.aspx?docid=PR_427270&cid=HFGG75LYEO30&yptr=yahoo

[DesktopDR]

Why is WTI going down. I thought the financials were good considering everything that is going on?

[sharky]

WTI Production, Prices and Revenues: Production for the first quarter of 2020 was 53,553 Boe/d or 4.9 MMBoe, a slight increase compared to 52,773 Boe/d in the fourth quarter of 2019 and up 61% versus 33,349 Boe/d in the first quarter of 2019. Production for the first quarter of 2020 was near the high end of production guidance. First quarter 2020 production was comprised of 1.8 million barrels (“MMBbls”) of oil, 0.5 MMBbls of natural gas liquids (“NGLs”) and 15.3 billion cubic feet (“Bcf”) of natural gas. Liquids production comprised 48% of total production in the first quarter of 2020.

For the first quarter of 2020, W&T’s average realized crude oil sales price was $46.33 per barrel. The Company’s realized NGL sales price was $13.03 per barrel and its realized natural gas sales price was $1.91 per Mcf. The Company’s combined average realized sales price for the quarter was $24.71 per Boe, which represents a 36% decrease from $38.31 per Boe that was realized in the first quarter of 2019 and a decrease of 20% compared to $30.75 per Boe in the fourth quarter of 2019.

Revenues for the first quarter of 2020 increased 7% to $124.1 million compared to $116.1 million in the first quarter of 2019, and decreased 18% compared to $151.9 million in the fourth quarter of 2019. The year-over-year increase was driven by the increased production associated with the two acquisitions made in the second half of 2019 which was partially offset by the decrease in realized commodity prices. The decline from the fourth quarter of 2019 was due to lower commodity prices.

Acquisition of Magnolia Field: On December 12, 2019, W&T closed the acquisition of a 75% working interest in the Magnolia Field from ConocoPhillips which is located in approximately 4,700 feet of water in the Gulf of Mexico.

On March 31, 2020, W&T closed the acquisition of the remaining 25% working interest in the field on nearly identical terms as the recent transaction with ConocoPhillips, proportionally reduced to reflect the lower working interest.


$WTI

[sharky]

Nice loading area IMO



$WTI

[equijohn]

Agreed

[sharky]

WTI 52 week high 6.10




$WTI

[sharky]

Loading dips, more opportunities




$WTI

[Benztrader]

Yes

[sharky]

$4.00's incoming





$WTI

[equijohn]

Saudis Make Biggest Oil Price Hike in 20 Years After OPEC+ Cuts https://t.co/wUg8C5jx0t

— John Equi (@equijohn) June 7, 2020

[equijohn]

$WTI resistance at $3.65, if it breaks through can run smoothly to $4.00+ pic.twitter.com/5f6ZAgJ74F

— John Equi (@equijohn) June 7, 2020

[Taurus69]

$wti $3.3 ^ 0.48 (17.02%)

[equijohn]

Opec Cuts remain in Place

https://twitter.com/equijohn/status/1269313374174826498?s=19

[equijohn]

Finally had a nice upward movement today, let's hope we see it continue next week. I liked the volume today as well as the move

[sharky]

Looking forward to 5.00 break ahead, chart correcting




$WTI