Shares of WTI are trading 20% higher today. The primary reasons:

W&T Offshore (WTI) is trading 20% higher at $5.5 today. The stock is a top mover among it's peers in an upbeat day for the Energy sector. The price is moving on a strong earnings report. WTI beat revenue expectations by a roughly 45 million and reported an EPS of $1.32.

W&T Offshore has been trading between a 52-week high of $9.01 and a 52-week low of $2.64. The stock has a market cap of $787 Million.

W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and has grown through acquisitions, exploration and development. The Company currently has working interests in 43 producing fields in federal and state waters and has under lease approximately 737,000 gross acres, including approximately 527,000 gross acres on the Gulf of Mexico Shelf and approximately 210,000 gross acres in the Gulf of Mexico deepwater.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

VisualMod - 4 upvotes - source
>U.S. WTI CRUDE OIL FUTURES FALL $1 TO $88.01 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-08-08 ^06:25:33 ^EDT-0400

Cho-Rho - 1 upvotes - source
WTI just had one of their best quarters in history. You can pick up 2 shares of it for every one share of BBBY. I won't write what I think about how capital is allocated these days!