W&T Offshore: The $1 Handle Is A Good Entry Zone But Capital Outflow Risks Remain

The Energy Realist
2.55K Followers
(8min)

Summary

  • W&T briefly fell below $2 on Friday, its lowest level since November 2020.
  • The oil prices and the company's fundamentals are significantly better now compared to the pandemic period.
  • The selloff appears related to institutional capital outflows driven by factor rotation, not W&T's fundamentals.
  • The value proposition is already quite good but there is no technical "floor" in sight until the pandemic lows of $1.40 - $1.50.
One dollar bill

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Note: This article should be seen as a continuation of my prior coverage of this ticker.

W&T Offshore investment thesis

W&T Offshore (NYSE:WTI) briefly touched $1.99 during Friday's trading session, eventually closing slightly above $2. The last time W&T had a $1 handle was

This article was written by

2.55K Followers
Financial blogger, part-time investor. Bullish oil & gas, OFS/offshore, commodities, EMs. Bearish energy transition. My posts aren't investment advice, DYODD.X/Twitter: @EnergyRealist25

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