The CEO of Houston-based W&T Offshore Inc. said the company has turned a corner to profitability and will be building its cash position in anticipation of bargains to come. Targets for acquisition will need to contribute to cash flow, he said.
Bargains
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W&T Offshore CEO Anticipates Buying Opportunities
The CEO of Houston-based W&T Offshore Inc. said the company has turned a corner to profitability and will be building its cash position in anticipation of bargains to come.
August 5, 2009
Bulls Find Bargains on ‘The Day After’
After watching the market slip a whopping 10% in a fierce Mondaysell-off, bulls dug in their heels yesterday and were successfulavoiding July’s first sub-$4.00 settlement since June 7. Afterprobing to its $3.96 low on the day, the prompt month received awave of bargain-hunting that lifted it to a $4.107 close, up 4.4cents for the session.
June 21, 2000