{"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\/eni-teams-mercuria-boost-global-140200341.html?.tsrc=rss\" target=\"_self\" title=\"E partners with Mercuria in a 50:50 JV to boost global energy trading, improve efficiency and strengthen long-term cash flow generation.\">Eni Teams Up With Mercuria to Boost Global Energy Trading Footprint<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/e-launches-compression-project-sustain-162400315.html?.tsrc=rss\" target=\"_self\" title=\"Eni&#039;s Sabratha Compression Project aims to sustain Bahr Essalam gas output, boost recoverable volumes and support Libya&#039;s power needs and exports to Italy.\">E Launches New Compression Project to Sustain Bahr Essalam Gas Output<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/equinor-strengthens-norwegian-portfolio-strategic-133000205.html?.tsrc=rss\" target=\"_self\" title=\"EQNR expands its Troll-Fram position through a strategic asset swap, adding producing and development assets while advancing Peon.\">Equinor Strengthens Norwegian Portfolio With Strategic Asset Swap<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/mtdrs-san-mateo-unit-expand-164000472.html?.tsrc=rss\" target=\"_self\" title=\"Matador&#039;s San Mateo joint venture is set to expand its Delaware Basin midstream network with a $752M Cardinal deal, adding capacity, pipelines and customers.\">MTDR&#039;s San Mateo Unit to Expand Midstream Footprint With Cardinal Deal<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/eni-expands-upstream-gas-portfolio-122500694.html?.tsrc=rss\" target=\"_self\" title=\"E strengthens its Vaca Muerta presence through a 32% stake in three gas blocks, supporting its upstream and LNG growth strategy.\">Eni Expands Upstream Gas Portfolio With Argentina&#039;s Vaca Muerta Stake<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/bkr-wins-angola-contract-azule-133600557.html?.tsrc=rss\" target=\"_self\" title=\"Baker Hughes strengthens its offshore portfolio with a major Angola subsea contract, reinforcing its deepwater technology leadership and future revenue visibility.\">BKR Wins Angola Contract for Azule Energy&#039;s Greater PAJ Development<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/eqnr-exits-japan-offshore-wind-142800928.html?.tsrc=rss\" target=\"_self\" title=\"Equinor exits Japan&#039;s offshore wind market, closing its Tokyo office as it refocuses on integrated power and oil and gas production.\">EQNR Exits Japan Offshore Wind Business, Prioritizes Integrated Power<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/bp-inks-deal-adnoc-develop-160300581.html?.tsrc=rss\" target=\"_self\" title=\"BP&#039;s 10% stake in ADNOC&#039;s Bab Gas Cap project offers the first direct access to Abu Dhabi&#039;s upstream gas resources and supports the UAE&#039;s LNG business.\">BP Inks New Deal With ADNOC to Develop UAE&#039;s Bab Gas Cap Project<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/baker-hughes-unlocks-geothermal-opportunity-133000195.html?.tsrc=rss\" target=\"_self\" title=\"BKR partners with Mantle Reach Power to advance geothermal projects, expanding its energy transition footprint and creating new growth opportunities.\">Baker Hughes Unlocks Geothermal Opportunity in North America<\/a><\/li><li><a href=\"https:\/\/finance.yahoo.com\/energy\/articles\/saipem-secures-offshore-contract-greater-164600006.html?.tsrc=rss\" target=\"_self\" title=\"SAPMF lands a $1 billion offshore deal for the Greater PAJ project from Azule Energy, covering deepwater subsea infrastructure and installation work.\">Saipem Secures New Offshore Contract for the Greater PAJ Development<\/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}]}}