𝛼SK or Searchbearish
W&T Offshore, Inc. (WTI)
SUMMARY
- A forty-year-old Gulf of Mexico consolidator whose equity has re-rated 145% on a war premium the hedge book cannot fully capture, leaving the shares priced almost exactly at mid-cycle asset value with $566m of decommissioning obligations still standing between the barrels and the shareholder.
- The decisive fact is that our mid-cycle net asset value of $3.50 per share sits within pennies of the market price
- The 145% rally of the past twelve months has already capitalised most of the geopolitical premium in crude, while the hedge book caps roughly 40% of 2026 oil volumes in the $64–70 range and $566m of booked decommissioning obligations plus $350m of 10.75% notes rank ahead of the equity.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
- W&T Offshore, Inc. (WTI)26 Jul 2026
x