|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||2.60 / 9.12|
Long crude oil versus short emerging market equities has proved a money-making strategy over the past six months and this trend is likely to continue.
HOUSTON, Sept. 4, 2018 /PRNewswire/ -- W&T Offshore, Inc.
HOUSTON, Aug. 28, 2018 /PRNewswire/ -- W&T Offshore, Inc.
In trading on Wednesday, shares of W & T Offshore Inc entered into oversold territory, changing hands as low as $5.52 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
HOUSTON, Aug. 13, 2018 /PRNewswire/ -- W&T Offshore, Inc.
Market players simply are not willing to chase solid news like this right now.
HOUSTON, Aug. 1, 2018 /PRNewswire/ -- W&T Offshore, Inc.
Momentum is weak, but I'm taking a longer-term view with some oil names.
HOUSTON, July 20, 2018 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) announced the promotion of William Williford to Vice President and General Manager of Gulf of Mexico.
The problem for traders in this market right now is that there just isn't sustained follow through.
One group that is looking much better today is biotechnology.
The Company Also Made an Updated Investor Presentation Available
The action started a little slowly this morning but market players shook off early jitters and are doing a nice job of building on yesterday's momentum.
If you are taking some gains don't expect much downside before remounts develop.
I like small oil stocks, and I'm watching recent high-flying Chinese names like iQIYI.
One name I'm adding today is Solaris Oilfield Infrastructure.
Market players are obviously concerned about more selling and are waiting to see how well things hold up.
Until that action dies it is difficult to be too bearish.
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 1, W & T Offshore Inc's Director, Virginia Boulet, invested $40,638.50 into 5,950 shares of WTI, for a cost per share of $6.83.
Investors in W & T Offshore Inc saw new options become available this week, for the January 2019 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Don't be in a rush to look for a reversal in oil's strong uptrend.
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Investors in W & T Offshore Inc saw new options begin trading this week, for the June 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the WTI options chain for the new June 15th contracts and identified one put and one call contract of particular interest.
Rotational action is the main theme Wednesday and good opportunities are out there.
There just isn't enough buying energy to push this market any higher.
Investors in W & T Offshore Inc saw new options become available this week, for the March 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the WTI options chain for the new March 16th contracts and identified one put and one call contract of particular interest.
In trading on Tuesday, shares of W & T Offshore Inc touched a new 52-week high of $3.72/share. That's a 105.52% rise, or $1.91 per share from the 52-week low of $1.81 set back on 07/07/2017.
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