Oil markets are down by 1.5% as traders worry that trade wars will hurt demand.
W&T Offshore, Inc. shows resilience with strong liquidity and efficient drilling from its Cox acquisition, despite market volatility and lower oil prices. Natural gas prices rebounding and increased demand from data centers present significant growth opportunities for WTI in FY25 and beyond. WTI's stock is undervalued, trading at 2x cash and 0.4x sales, suggesting a potential upside of up to 300% based on DCF and other valuation models.
Oil markets continue to rebound from recent lows.
Gasoline inventories decreased by 5.7 million barrels from the previous week.
U.S. dollar's pullback provided support to oil markets.
The strong sell-off in U.S. equity markets put additional pressure on the price of oil today.
Oil markets are moving higher as Donald Trump said that he could impose additional sanctions on Russia if necessary.
Oil markets are swinging between gains and losses as traders wait for additional catalysts.
Rising crude inventories and trade war fears put significant pressure on oil markets.
WTI reports a year-over-year deterioration in its Q4 loss due to lower oil equivalent production volumes.
Oil traders worry about rising production and trade wars.
W&T Offshore, Inc. (NYSE:WTI ) Q4 2024 Earnings Conference Call March 4, 2025 10:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator Tracy Krohn - Chairman & CEO William Williford - Executive Vice President and Chief Operating Officer Sameer Parasnis - Executive Vice President and Chief Financial Officer Trey Hartman - Vice President and Chief Accounting Officer Conference Call Participants John White - ROTH Capital Jeff Robertson - Water Tower Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the W&T Offshore Fourth Quarter and Full Year 2024 Conference Call.