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 Announces Timing of First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Timing of First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- Ring Energy: The Transition Continues [Seeking Alpha]Seeking Alpha
- Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024 [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024GlobeNewswire
REI
Earnings
- 3/7/24 - Miss
REI
Sec Filings
- 4/19/24 - Form 8-K
- 4/16/24 - Form DEF
- 3/8/24 - Form 4
- REI's page on the SEC website