Sarfaraz A. Khan
Energy, commodities, macro, long only

This Beaten-Down Offshore E&P Company Has 30%+ Upside Potential

By Sarfaraz A. Khan and Gohar Yousuf

W&T Offshore (NYSE:WTI) is a 30-year old independent oil and natural gas producer with more than 26 years of experience of operating offshore oil and gas properties. The company was founded, and is currently headed, by the business mogul and racing enthusiast Tracy Krohn. The company has offshore operations at the Gulf of Mexico, which is the backbone of the business, and onshore operations at the Permian Basin, mainly in West Texas. The company has grown on the back of exploration and development as well as acquisitions. The company's acreage is primarily offshore property and more than half of its reserves are liquids.

However, the company's growth ambitions received a...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details