Natural GasAthon: W&T Offshore (WTI)

We had previously written abut this company as one to watch. That was back in December as the stock was starting to break higher. (CLICK HERE FOR THE ANALYSIS)

W&T Offshore, Inc. is an independent oil and natural gas company focused primarily on the Gulf of Mexico area in the United States.

The stock hit a home run last night as the earnings FAR exceeded any expectation. On the news the stock is higher by 9% ans continuing to attract bids. These smaller Oil/Gad producers have been in the right place lately and many are ripe for takeover.

  • W&T Offshore Declares and Doubles Regular Quarterly Dividend on Common Stock
  • W&T OFFSHORE 4Q REV. $261.9M, EST. $250M
  • W&T OFFSHORE 4Q ADJ. EPS 69C, EST. 46C
  • W&T OFFSHORE SEES 2012 PROD. 16.9-18.8 MMBOE
  • W&T OFFSHORE SEES 2012 CAPEX $425M EX ACQUISITIONS
  • W&T OFFSHORE 4Q PRODUCTION VOLUMES 298.9 MMCFE/DAY

 

(more on TriggerPoint Research)

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