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W&T Offshore Inc. Message Board

  • apgolong apgolong Apr 5, 2013 2:23 AM Flag

    We have seen this show before

    Well Tracy - the street is telling you either pay down debt or reinvest the cashflow or EDITDA into operations. But I think these special dividends will not sit well moving forward - have you got yet?

    Sentiment: Buy

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    • Absolutely! W&T is Tracy's cash flow cow. He gets whatever he wants in the way of dividends and salary. Shows up whenever he isn't racing. Time for this stock to really go public instead of semi-private.

      • 1 Reply to swamp14u
      • Don't get me wrong. WTI is well. run operationally. I think managment is making the transistion from a privately held company to a publically traded company - but wall street wants to see improvement on the corporate finance side of things and its patience has run out. I remember when the company went public and crashed harded than most 2008 largely because it had no hedges in place - but WTI responded and is adapting (slowly) to what the street would like to see.

14.99+0.35(+2.39%)Jul 22 4:02 PMEDT

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