12 July 2016director interest notice● Neutral
W&T OFFSHORE INC SVP & Chief Technical Officer Stephen L Schroeder received a stock option grant for 221,447 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 May 2016director interest notice● Neutral
W&T OFFSHORE INC director S James Nelson received 31,532 shares as part of the equity award.
6 May 2016director interest notice● Neutral
W&T OFFSHORE INC director Virginia Boulet received 31,532 shares as part of the equity award.
6 May 2016director interest notice● Neutral
W&T OFFSHORE INC director B Frank Stanley received 31,532 shares as part of the equity award.
6 May 2016director interest notice● Neutral
W&T OFFSHORE INC director Stuart B Katz received 31,532 shares as part of the equity award.
5 May 2016quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $77.7 million and a net loss of $190.5 million for the period ended 2016-03-31.
4 May 2016quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $77.7 million and a net loss of $190.5 million for the period ended 2016-03-31.
28 Mar 2016debt financing▼ BadMajor
Days after W&T drew $340 million on its revolver, its lenders slashed the facility's borrowing base to $150 million from $350 million, leaving the company about $191 million over the new limit and required to repay, phase in repayment, or pledge more collateral within days - a sharp liquidity squeeze from the oil price crash.
26 Feb 2016debt financing▼ BadMajor
W&T drew $340 million on its revolving credit facility for general corporate purposes, leaving about $341 million outstanding, while also disclosing ongoing talks with federal regulators (BOEM) over posting additional financial assurances for well plugging and decommissioning costs.
16 Feb 2016substantial holder notice● Neutral
DePrince, Race & Zollo, Inc reported no remaining W&T OFFSHORE INC shareholding in its periodic institutional filing.
16 Feb 2016substantial holder notice● Neutral
Citadel Advisors LLC, Citadel Advisors Holdings II LP, Citadel GP LLC, Kenneth Griffin reported a W&T OFFSHORE INC shareholding of 0.50% of votes in a periodic institutional filing.
10 Nov 2015quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $126.2 million and a net loss of $477.6 million for the period ended 2015-09-30.
10 Nov 2015quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $126.2 million and a net loss of $477.6 million for the period ended 2015-09-30.
6 Nov 2015quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $126.2 million and a net loss of $477.6 million for the period ended 2015-09-30.
6 Nov 2015financial restatement▼ Bad
W&T restated its unaudited Q1 and Q2 2015 cash flow statements after finding it had misclassified non-cash investing activity between operating and investing cash flows - a technical correction, not a change to reported earnings.
5 Nov 2015quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $126.2 million and a net loss of $477.6 million for the period ended 2015-09-30.
5 Nov 2015debt financing▼ BadMajor
W&T's lenders eliminated the maximum leverage ratio and minimum interest coverage ratio covenants on its revolver and let it repurchase bonds or term loans, but tightened the first-lien leverage ratio - covenant relief that reflects continued financial strain from low oil prices.
21 Oct 2015asset acquisition disposition▲ GoodMajor
W&T closed the sale of its Yellow Rose Permian Basin field to Ajax Resources for $376.1 million and used the proceeds to pay down its revolving credit facility.
3 Sept 2015material agreement▲ GoodMajor
W&T agreed to sell the Yellow Rose Permian Basin field it had bought in 2011 to Ajax Resources for $376.1 million, retaining a 1-4% sliding-scale royalty - a cash-raising divestiture of its Permian growth asset amid the oil price downturn.
6 Aug 2015quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $149.1 million and a net loss of $260.4 million for the period ended 2015-06-30.
6 Aug 2015quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $149.1 million and a net loss of $260.4 million for the period ended 2015-06-30.
14 May 2015material agreement▼ BadMajor
With oil prices still falling, W&T layered a new $300 million second-lien term loan from Morgan Stanley Senior Funding on top of its bank revolver, adding secured debt to shore up liquidity during the downturn.
7 May 2015quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $127.9 million and a net loss of $255.1 million for the period ended 2015-03-31.
7 May 2015quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $127.9 million and a net loss of $255.1 million for the period ended 2015-03-31.
4 May 2015substantial holder notice● Neutral
Citadel Advisors LLC, Citadel Advisors Holdings III LP, Citadel GP LLC, Kenneth Griffin disclosed a new substantial W&T OFFSHORE INC shareholding (4.70% of votes).
27 Apr 2015debt financing▼ Bad
As oil prices fell in early 2015, W&T's lenders set its borrowing base at $600 million (against $514 million then drawn) and raised the interest margin by 0.5%, tightening terms compared with the facility's earlier years.
9 Apr 2015securities registration● Neutral
W&T OFFSHORE INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
24 Mar 2015securities registration● Neutral
W&T OFFSHORE INC registered a securities offering with the SEC using its shelf eligibility.
12 Feb 2015substantial holder notice● Neutral
Parnassus Investments reported a W&T OFFSHORE INC shareholding of 3,425,000 shares (4.53% of votes) in a periodic institutional filing.
6 Feb 2015substantial holder notice● Neutral
DePrince, Race & Zollo, Inc disclosed a new substantial W&T OFFSHORE INC shareholding (5.54% of votes).