There's No Reason to Call a Top in the Oil Sector [TheStreet.com]
W&T Offshore, Inc. (WTI)
Last w&t offshore, inc. earnings: 3/4 04:45 pm
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Source: TheStreet.com
There's No Reason to Call a Top in the Oil Sector Crude oil continues to trend upward and is hitting its highest levels since 2014. This is a product of several international events including the renewed sanctions on Iran and the recent bombing of Syria. OPEC has also done a much better job of restricting production over the past year and increased shale output in the U.S. has been offset by strong economic demand. The big question now is whether oil can keep going. While somewhat extended in the short term the momentum is strong and there is no reason to call a top in the group. The dips are being bought and there is quite a bit of bottom fishing in many of the low priced names that have been languishing for many years. A good example is W&T Offshore ( WTI ) which has gone parabolic and doubled over the past couple months. With a tailing PE of just 12 it is not an expensive stock. Oil inventories were just announced and are having limited impact so far. Oil refinery inpu
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WTI
News
- W&T Announces Addition to its Board of DirectorsGlobeNewswire
- W&T (WTI) Up 5.7% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Can W&T Offshore, Inc. (NYSE:WTI) Maintain Its Strong Returns? [Yahoo! Finance]Yahoo! Finance
- W&T Announces Participation in Water Tower Research Fireside Chat on March 27, 2024 [Yahoo! Finance]Yahoo! Finance
- W&T Announces Participation in Water Tower Research Fireside Chat on March 27, 2024GlobeNewswire
WTI
Earnings
- 3/5/24 - Miss
WTI
Analyst Actions
- 1/23/24 - Stifel
WTI
Sec Filings
- 4/16/24 - Form 3
- 4/11/24 - Form 8-K
- 3/28/24 - Form 8-K
- WTI's page on the SEC website