W&T Offshore Inc

Despite the emerging medium-term uptrend in the Most Shorted Stocks theme, price is consolidating around key EMAs and the 50-day SMA. We prefer to defer execution and stalk pullbacks into the 9–20-day EMA zone or 50-day SMA in alignment with the advancing regime.

• ↑Q2 production grew 10% QoQ to 33.5k boepd; adj. EBITDA +9% to $35m.
• ↑Ended Q2 with >$120m cash and cut net debt by $15m, fueling growth.
• ↓GAAP net loss driven by non-cash deferred tax valuation allowance.