The Real Wojak OP : Small position, thought with Trump administration oil would do well. But for now oil prices are being kept low

Lnova :

Lnova : “At the heart of the dispute are rules from the federal Bureau of Ocean Energy Management – BOEM – which require energy producers in the Outer Continental Shelf to provide a bond to pay for well, platform, pipeline and facilities cleanup if the operating company fails to do so.
Several years ago, BOEM imposed the idea of requiring small to mid-sized companies such as W&T to provide additional bonds. In over 70 years of producer operations in the Gulf of Mexico, the federal government has never been forced to pay for any abandonment cleanup operations associated with well, platform facility, or pipeline operations.”
Tysm for providing this info. I didn’t know about this

The Real Wojak OP : 500M revenue, 300M market cap, and crude oil is oversold

The Real Wojak OP : The Trump administration will support this industry longterm