Fri, Sep 19, 2014, 4:15 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

W&T Offshore Inc. Message Board

  • phoenix_investor phoenix_investor Apr 19, 2013 1:07 PM Flag

    Parnassus Funds bet the farm on WTI

    Three Parnassus funds owned 7.675 million WTI at Mar 31 up from 5.995 million at Dec 31.
    All info on the Parnassus funds site.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • And why would anyone pay any further attention to anything Global Hunter Securities has to say on WTI ?

      • 1 Reply to lbsssm
      • For an income stock, the P/E is still too high. The basic dividend is just about where it needs to be. Natural gas prices are probably high enough that natural gas is back to being a real asset. Oil is heading south. Wait just a bit longer, then accumulate for long term income. W&T really doesn't have much upside nowadays. Their onshore properties are income generators, but are high LOE and not much upside. Deepwater is just plain scary. Wells go off prematurely like W&T's Daniel Boone field. Big announcement when it came on, then no other press releases. It has been online since 2009 and probably hasn't paid out yet. There are reasons why folks sold their deepwater assets to W&T. Limited upside. W&T would do good to get back to it's roots as a bottom feeder scrounging for the last barrel, not a company loaded with highly paid managers and a part-time CEO.

12.72-0.25(-1.93%)4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.