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W&T Offshore Q1 is a mature Gulf cash-conversion print: 36.2 MBoe/d production, 53% liquids, and USD 21.0MM of free cash flow. For a levered offshore operator, the useful read is not growth; it is whether flat production can fund liabilities and dividends. via Stock Titan stocktitan.net/news/WTI… #AFELeaks
May 7
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9:42 PM