Balance sheet carried a retained earnings deficit for years now, shows up as negative stockholder equity. Yet the stock has traded around 5-6 before the pandemic, and now in the 3-4 range for all of 2021. Wonder if that is an anomaly - negative equity, meaning this is priced for bankruptcy yet no immediate danger??
What do you make of it? Good for a trade obviously but not worthy of long term investment. Anyone else got a different read on W&T's stockholder deficit and the high depreciation/depletion rate of their assets?
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