Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<div><ul><li>W&amp;T has historically relied on acquisitions of producing properties in the Gulf of America (GOA), which add current cash flow and exploitation/development opportunities to add future value. </li><li>Management has established a track record, with case studies, of increasing the value of acquired assets through both drilling and expense management.</li><li>W&amp;T’s last asset acquisition closed in January 2024; the $77-million purchase of six producing fields from the bankruptcy proceeding of Cox Oil &amp; Gas on the GOA shelf. </li></ul></div>

W&amp;T has historically relied on acquisitions of producing properties in the Gulf of America (GOA), which add current cash flow and exploitation/development opportunities to add future value. Management has established a track record, with case studies, of increasing the value of acquired assets through both drilling and expense management.W&amp;T’s last asset acquisition closed in January 2024; the $77-million purchase of six producing fields from the bankruptcy proceeding of Cox Oil &amp; Gas on the GOA shelf. 

W&T Offshore

WTI: Estimate Update - 25 February 2026