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
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"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
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details