{"id":25473,"date":"2013-12-03T11:46:19","date_gmt":"2013-12-03T16:46:19","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=25473"},"modified":"2016-09-20T20:04:49","modified_gmt":"2016-09-21T00:04:49","slug":"turkey-stock-week-wt-offshore-wti","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2013\/12\/03\/turkey-stock-week-wt-offshore-wti\/","title":{"rendered":"Turkey Stock Week &#8211; W&#038;T Offshore (WTI)"},"content":{"rendered":"<p>Continuing on with the Turkey stocks for this week, today we are focusing on W&amp;T Offshore (WTI). The company recently had some bad news as the company announced it is facing regulatory hurdles imposed by the Environmental Protection Agency. The Houston-based miner <!--more-->announced last week that it had received suspension notices from government regulators concerning its oil and gas leases in the Gulf of Mexico. The notices pertain to a minor oil leak in 2009 which breached the Clean Water Act.<\/p>\n<p>That hit the stock hard.<\/p>\n<p style=\"text-align: center;\"><a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/andrewhorowitz\" data-show-count=\"false\">Follow @andrewhorowitz<\/a><script type=\"mce-text\/javascript\" src=\"\/\/platform.twitter.com\/widgets.js\"><\/script><\/p>\n<p>From the fundamental perspective, the company has a significant amount of debt (200%) as compared to equity. The EPS growth rate has been negative and the outlook does not look impressive.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25482 aligncenter\" alt=\"wtifund\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/12\/wtifund-1.jpg\" width=\"491\" height=\"142\" \/><\/p>\n<p>Looking out further, the expected revenue growth is in the single digits and that could be lowered due to the recent suspensions.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25483 aligncenter\" alt=\"wtirev\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/12\/wtirev-1.jpg\" width=\"287\" height=\"251\" \/><\/p>\n<p>Technically the stock scores very low. The price is in a downtrend and recently cut below the key support level.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25484 aligncenter\" alt=\"wtitechn\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/12\/wtitechn-1.jpg\" width=\"512\" height=\"151\" \/><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25485 aligncenter\" alt=\"wtichart\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/12\/wtichart-1.jpg\" width=\"544\" height=\"285\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2>Recent WTI News from Yahoo!<\/h2>\n<ul class=\"su-feed\"><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/kosmos-sells-stake-equatorial-guinea-173100717.html?.tsrc=rss\" target=\"_self\" title=\"KOS&#039; sale of Equatorial Guinea assets to Panoro brings in $127M, trims 2026 production and supports debt reduction, capital flexibility and portfolio focus.\">Kosmos Sells Stake in Equatorial Guinea Assets to Panoro Energy<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/equinor-unveils-production-growth-buyback-142700768.html?.tsrc=rss\" target=\"_self\" title=\"EQNR outlines a 2030 strategy targeting higher production, rising cash flows and enhanced shareholder returns through disciplined investments and buybacks.\">Equinor Unveils Production Growth &amp; Buyback Strategy Through 2030<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/exxonmobil-advances-exploration-push-guyanas-151100551.html?.tsrc=rss\" target=\"_self\" title=\"XOM plans to drill up to 35 new exploration and appraisal wells in Guyana&#039;s Stabroek Block, with operations expected from 2028 through 2033.\">ExxonMobil Advances New Exploration Push in Guyana&#039;s Stabroek Block<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/equinor-advances-johan-sverdrup-phase-140600647.html?.tsrc=rss\" target=\"_self\" title=\"EQNR advances Johan Sverdrup Phase 4 after appraisal drilling confirmed additional resources, extending growth potential at Norway&#039;s largest oil field.\">Equinor Advances Johan Sverdrup Phase 4 With Latest Oil Finds<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/comstock-strengthens-balance-sheet-600m-132300303.html?.tsrc=rss\" target=\"_self\" title=\"CRK unlocks value from its midstream business with a $600 million stake sale, strengthening its balance sheet while retaining operational control.\">Comstock Strengthens Balance Sheet With $600M Pinnacle Transaction<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/sectors\/energy\/articles\/repsol-sells-49-99-stake-160700853.html?.tsrc=rss\" target=\"_self\" title=\"REPYY sells a 49.99% stake in a 705 MW Spanish renewables portfolio to Masdar for about 150M, advancing its asset rotation strategy.\">Repsol Sells 49.99% Stake in Renewable Asset Portfolio in Spain<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/sectors\/energy\/articles\/chevron-partners-support-tgs-led-182300781.html?.tsrc=rss\" target=\"_self\" title=\"CVX reportedly joins YPF and Pluspetrol to back TGS&#039;s $3B Argentina NGL project, boosting odds of a final investment decision.\">Chevron and Partners to Support TGS-Led Argentina NGL Project<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/sectors\/energy\/articles\/venture-global-atlantic-see-double-134800614.html?.tsrc=rss\" target=\"_self\" title=\"VG expands the long-term LNG supply deal with Atlantic-SEE LNG Trade, doubling annual volumes and strengthening its position in the European market.\">Venture Global &amp; Atlantic-SEE Double LNG Supply to Greece<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/sectors\/energy\/articles\/petrobras-acquire-50-interest-exploration-153600548.html?.tsrc=rss\" target=\"_self\" title=\"PBR buys a 50% stake in EQNR&#039;s offshore Itaimbezinho block in Brazil&#039;s Campos Basin, eyeing synergies and reserve-replacement growth, subject to regulatory approvals.\">Petrobras to Acquire 50% Interest in Exploration Block Offshore Brazil<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/sectors\/energy\/articles\/noble-secures-drilling-contract-uk-150000031.html?.tsrc=rss\" target=\"_self\" title=\"NE wins three-well UKCS contract from BP for the Noble Claus Bachmann, starting Q2 2027 at a day-rate of $320,000 plus a $5M mobilization fee.\">Noble Secures New Drilling Contract on the UK Continental Shelf<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Continuing on with the Turkey stocks for this week, today we are focusing on W&amp;T Offshore (WTI). The company recently had some bad news as the company announced it is facing regulatory hurdles imposed by the Environmental Protection Agency. The Houston-based miner<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,21,42],"tags":[486,490],"class_list":["post-25473","post","type-post","status-publish","format-standard","hentry","category-markets","category-short-ideas","category-stocks","tag-short-ideas","tag-stocks","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/25473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=25473"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/25473\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=25473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=25473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=25473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}