Ring Energy: The Transition Continues [Seeking Alpha]
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: Seeking Alpha
Management can now grow crude oil production without needing overall production growth for profitability. Despite lower commodity prices, management has maintained a steady debt ratio and is making progress on free cash flow. The low price-earnings ratio will resolve itself as the debt ratio continues to decline. The Founders acquisition, despite being all debt, has considerably aided the debt ratio decline goal. This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More » Ring Energy, Inc. NYSE: REI ) is managing to increase free cash flow to meet stock market and debt market demands (as covered previously ) to get that debt ratio down while demonstrating the ability to repay debt at a perceived reasonable pace. As long as progress keeps going, this stock will eventually recover. The news has not really changed. But market patience keeps wearing thin. Nonetheless, management has a few more improvement avenues
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REI
News
- The 29th Annual EnerCom Denver - The Energy Investment Conference to Host The Energy Transition and Emerging Technology Session Featuring Start-Up Energy and Technology CompaniesPR Newswire
- Ring Energy Announces Management Team Changes [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Management Team ChangesGlobeNewswire
- Ring Energy: Lowered Free Cash Flow Expectations Despite Strong Q1 Sales Volumes [Seeking Alpha]Seeking Alpha
- EnerCom Announces Unparalleled Networking Opportunities at the 29th Annual EnerCom Denver - The Energy Investment Conference, Including Charity Golf Tournament, Monday Cocktail Mixer, Casino Night, and Last Day ReceptionPR Newswire
REI
Earnings
- 5/6/24 - Miss
REI
Sec Filings
- 6/24/24 - Form 8-K
- 6/20/24 - Form 4
- 6/18/24 - Form 4
- REI's page on the SEC website