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We should see a nice pop soon.... in this one.... OIL at 47.70
Low range again 2.26...we should start moving up soon after some of these earning are done. WTI
Production for the first quarter of 2016 averaged 43,317 barrels of oil equivalent ("Boe") per day (3.9 million Boe for the quarter), 57.4% of which was oil and liquids. Oil production increased 0.6% for the first quarter of 2016 compared to the first quarter of 2015; while natural gas production decreased 18.4% and natural gas liquids (NGL) production decreased 19.2% as we continued our focus on oil related projects. Oil production was deferred as our largest oil producing field was offline for three weeks as a result of a scheduled maintenance project on a third-party pipeline that services the platform.
?Full year production and expense guidance remains the same.
?Revenues for the first quarter of 2016 were $77.7 million, 72.0% of which was from oil and NGLs.
?Lease operating expenses ("LOE") declined 16.6% for the first quarter of 2016 to $44.5 million compared to $53.3 million in the first quarter of 2015 reflecting our focus on expense management. General and administrative expenses decreased 20.8% for the first quarter of 2016 to $16.4 million with reduced headcount, reduced contractor usage and other cost saving measures.
Yes true and OIL is up much more then the low... so we wait and see
No I can just only hope, like most run it down then say it is not as bad as we thought it would be. WTI
Crude and the dollar bringing this great run down... Crude at43.37
I agree/// I feel they will do just fine and crude is moving up from that nasty low of 26.
Yes unknown bringing this down with low oil... I say grab the cheap shares. WTI
Nice move up and nice down.... crude at 45.86
close around 5.50
Nice pop... then down for now
Crude at 45.86
Earning news... to come out. But it looks stronger the last 2 days. Things will get better for WTI so a nice move to come.
I agree we should be at 3.68 today on WTI
Yes trading stronger now... I would be Happy with a 25.00 target by may JBLU
we moved down some but calls are up on NOG
Strong day... holding for better news then thought.... WTI
Great day for NOG my ask is going up... for sure
I am looking to get out of this range of 2.09 to 2.24 range.
WTI
Strong move for NOG 5.56 and looks like we will move to 6.00 soon. Crude is at 43.97 and strong move to get to 45 soon.
Strong day today for nog... 5.20
NOG 45 on crude soon... great for NOG
Strong day/// 5.14 on NOG
Lets see if NOG can do better then 4.80 today??
No OIL deal, but most feel OIL will move up more soon.
I know demand is going up every week, at 40 to 50 dollar oil this company can stay in business.
Nog is moving great...up
I would say an easy 3.50 to 4.25 for WTI if we see 50 or so on OIL.
We just were at 3.50 on the last pop in OIL on March 8th
50 dollar OIL they say coming... WTI
WTI when breaks that 2.50 mark we go to the next level
Now big news is that a Freeze is going to happen they don't care about Iran.
That is HUGE for us.... we will here more about this
Good talks they say now a freeze is in the pipe line !!
Its a little slow today...but moving now it may break that 2.70 mark
We could see back in the 5.00 range soon. go NOG
Crude up again... to 40.46 so we move up
Moving up with OIL I think this next few months are going to move this stock UP nice. WTI
Crude move to 39.69 today.. second day up !!
Nice move up on OIL to 39.69 a 6.49% up and moved NOG up nice today high of 4.20 so far.
We will bounce off this low area soon.... WTI
Nog got slammed down today but a stronger finish at end of day.
Yes we were told that the big lift off was coming after the RS because the price of stock would be higher... and in a normal case that will work. But that was the end for my shares and net worth of this stock.
I feel WTI is a lean company and can see oil will be above 40 dollars. Most cost has been already in for drilling wells and that has stopped for now just pumping the best wells for now.
W&T Offshore Announces Decrease in Borrowing Base Under Revolving Bank Credit Facility
Last update: 24/03/2016 6:00:02 pm
HOUSTON, March 24, 2016 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) announced today that its borrowing base under its revolving bank credit facility has been reduced to $150 million from $350 million, effective March 23, 2016. In February 2016, the Company drew $340 million on its revolving bank credit facility and now has borrowings of $191 million in excess of the redetermined borrowing base. Excess borrowings are required to be repaid in three equal monthly installments. W&T currently has a cash balance of $431 million.
About W&T Offshore
W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico. We have grown through acquisitions, exploration and development and currently hold working interests in approximately 54 offshore fields in federal and state waters (50 producing and four fields capable of producing). W&T currently has under lease approximately 900,000 gross acres offshore, including approximately 550,000 gross acres on the Gulf of Mexico Shelf and approximately 350,000 gross acres in the deepwater. A majority of our daily production is derived from wells we operate offshore. For more information on W&T Offshore, please visit our website at www.wtoffshore.com.
I got more today... to good of a price... WTI
You sold today?? and bought at 2.50