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Stock impact report

Riley Exploration Permian (REPX) Fell This Week. Here is Why. [Yahoo! Finance]

Riley Exploration Permian, Inc. (REPX) 
Company Research Source: Yahoo! Finance
Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX) is a growth-oriented, independent oil and natural gas company focused on horizontal drilling of conventional oil-saturated and liquids-rich formations in the Permian Basin. Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX) received a boost on December 16 when its Board of Directors authorized a $100 million share repurchase program, which will run over a 24-month period. Bobby Riley, Chairman and CEO of Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX), stated: “We're excited to introduce a share repurchase program as another means of returning capital to shareholders in addition to our quarterly dividends. With the closing of Riley Permian's previously-announced midstream sale, we are well-positioned to pursue opportunities to unlock value and maximize shareholder returns. The share repurchase program highlights our confidence in continued excellent operational performance and financial strength.” However, Riley Explora Show less Read more
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