Ring Energy Is Cashing In On A Great Acquisition [Seeking Alpha]
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: Seeking Alpha
Ring Energy Is Cashing In On A Great Acquisition Summary Well profitability just improved from great to amazing. Breakeven is now at WTI $35 and will probably continue to drop. The reserves behind each share are worth more than $11 per share. Cash flow is rapidly increasing. Production increased 4% over the last quarter despite going from a two-rig program to a one-rig program. The Northwest Shelf acquisition is proving to be a fantastic bargain for Ring Energy ( REI Profits First Source: Ring Energy Third-Quarter 2019 Press Release One of the signs of a good acquisition is an immediate profit increase. As shown above, this acquisition led to a large profit increase. Confirmation of that profit was located on the cash flow statement where cash flow also increased despite the usual acquisition costs and operational optimizations needed before the real profits roll in. The deferred maintenance is not all that unusual when a property is marketed for sale. Management appears to have adeq
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REI
News
- Ring Energy: APA Transaction Points To Potential Upside [Seeking Alpha]Seeking Alpha
- Ring Energy Inc (REI) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ... [Yahoo! Finance]Yahoo! Finance
- Ring Energy, Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 Outlook [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 OutlookGlobeNewswire
REI
Earnings
- 11/6/24 - Miss
REI
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 8-K
- 11/6/24 - Form 10-Q
- REI's page on the SEC website