Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
REI.........................................https://stockcharts.com/h-sc/ui?s=REI&p=W&b=5&g=0&id=p86431144783
that warhburg seller on REI must be broke...
so we watch...LJ
I have some RING. But I have over 200,000 AZRH. I don't know how it can not double or triple before some people start dumping. only 45 million shares out. Float 14 million. Do your own D & D. Not the guys first time around. More up front about what's going on. Then any stock I have ever owned. Good luck on the RING.
Sometimes I feel like that. REI has some risk because of its high debt load. If it can manage (reduce) that, it could appreciate quite a bit. It would also benefit from any increase in crude prices.
Are you the new Maytag repair man ?
Ring Energy (REI) COO bought a few days ago. CEO bought at apparently 1.08 in early March.
Yea, middle east is attacking itself !!! Fuel prices should go up significantly for a while until they resolve their crap. Houthis from Yemen attacking Israel AND Saudi Arabia. Syria's oil infrastructure a mess from their "Civil War." The Terrorists that fought in Syria are now targeting Iran. They will probably cause chaos in the other "Stans" and Iraq on their way to Iran. The Taliban and Pakistani military started a war with each other in the past week. Al-Queada, The Muslim Brotherhood, and all of the other Muslim Terror groups are all going to fight for total power and control.
yeah they are thinking gas might be going up soon.
"Gas Prices Set for a Breakout in 2025"
https://oilprice.com/Energy/Natural-Gas/Gas-Prices-Set-for-a-Breakout-in-2025.html
Global LNG Exports Hit A Record High in Q1
https://oilprice.com/Latest-Energy-News/World-News/Global-LNG-Exports-Hit-A-Record-High-in-Q1.html
"U.S. LNG Exports to Europe Set to Surge as European Gas Prices Soar"
https://oilprice.com/Latest-Energy-News/World-News/US-LNG-Exports-to-Europe-Set-to-Surge-as-European-Gas-Prices-Soar.html
"Equinor Expects Tight Winter Natural Gas Market in Europe"
https://oilprice.com/Latest-Energy-News/World-News/Equinor-Expects-Tight-Winter-Natural-Gas-Market-in-Europe.html
It is obviously under accumulation by the way it trades. Some one knows something.
Thank you. It reads better than all the other reports I have looked at. I went to that site. I am very poor on a computer and could not find a thing. Getting old in a new world, SUCKS.
"Source: shutterstock.com/Wojciech Wrzesien
Among the emerging names in the oil & gas exploration sector, Ring Energy (NYSE:REI) looks attractive. REI stock has been subdued in the last few quarters and is trading at a valuation gap. With business developments remaining positive, I expect a sharp rally from current levels of $1.65.
An important point to note is that Ring Energy commands a market valuation of $334 million. In comparison, the oil & gas company has proved reserves of 129.8 mmboe and has a PV10 of $1.65 billion. That puts into perspective the extent of undervaluation.
I also like the fact that Ring Energy has a good track record of production growth. Between 2018 and 2023, the company’s production has increased at a CAGR of 26%. That has been supported by the acquisition of oil & gas assets.
However, it’s equally important to mention that production growth has been associated with an upside in cash flows. For Q1 2024, Ring Energy reported an adjusted free cash flow of $15.6 million. On a year-on-year basis. FCF swelled by 48%. Therefore, with multiple positive business and financial metrics, REI stock is a likely value creator."
https://finance.yahoo.com/news/7-undervalued-oil-gas-stocks-171357772.html
"Mitsui Expands Shale Footprint With Texas Purchase"
https://oilprice.com/Latest-Energy-News/World-News/Mitsui-Expands-Shale-Footprint-With-Texas-Purchase.html
REI.....................................https://stockcharts.com/h-sc/ui?s=REI&p=W&b=5&g=0&id=p86431144783
It's a crazy time to hold energy stocks (Ring is my only one) With the world in turmoil, Houthis attacking shipping in the Mideast, etc. this has a chance to spike nicely. All in my opinion but read my signature
Curious to see how REI performs over the year...
And we watch, but watching is more enjoyable
REI............................................................https://stockcharts.com/h-sc/ui?s=REI&p=W&b=5&g=0&id=p86431144783
Nice day to hedge 2nd quarter oil sales...
https://www.barchart.com/futures/energies
June demand could press the need
for above $70/bbl oil price...
so we watch...LJ
REI....................................https://stockcharts.com/h-sc/ui?s=REI&p=W&b=5&g=0&id=p86431144783
REI has to be wishing you could buy
larger oil percentage leases in the
Permian as cheap as the public share
price of REI is discounted...
Haven't quite figured at how a trading
group has manipulated the price so
low in such lovely times...
So we watch...LJ
I keep wondering, if with all the uncertainty in the Mideast ergo also in oil supply, if this could be a roller coaster, even with the debt...
As a wise man said...and we wait
January,2025 Nymex has a decent hedge
forward price...
https://www.barchart.com/futures/quotes/NGG24/futures-prices
So we watch...LJ
REI $270+ million market cap, over $370 million
of revenue annually based on four
times recent, impeded revenue quarter...
https://www.otcmarkets.com/stock/REI/security
Under 3 times recent quarterly revenue
on the market cap now...
https://www.otcmarkets.com/filing/html?id=17027503&guid=TK5-kH1gJUDGB3h
https://finance.yahoo.com/news/ring-energy-announces-third-quarter-204500950.html
This is real, and not scy fy...
So we watch...LJ
REI needs to drill more and keep increasing
oil production now...
$77/bbl WTI is nothing to sneeze
at in the sale lane...
REI sellers have no idea how much
money it takes to get a barrel of oil
out of the ground...
So we watch...LJ
huge buys 18k, 19k stock very undervalued $$$$$$$ look forward to record earnings
Middle East tensions
We could see a spike in crude
REI, being smaller, has capital constraints of
managing and balancing growing
production and reducing debt...
Conventional well results should have
a little better stickum to hold up with
less depletion than shale drillers...
[ I remember your class on this ]...
Lack of more capital to increase that
process increases the timeline...
But that also leaves the fruit of reserves
to drill on for longer...
Need more stickum on price rises...
So we watch...LJ
Pretty big move for little Ring today. Got up as high as 2.01 but slipped back below 2.00 to 1.99.
If oil can hold for the rest of the month, Ring should have a nice Q3 and attract some attention with their latest acquisition adding a little $$$ and higher oil prices helping the bottom line.
Ring is definitely struggling compared to some of the bigger players. They have good profits and are using their capital wisely but market doesn't seem to care, giving them a 2 p/e while other bigger Permian players get 5+. I have a few shares of Matador and they are doing very well compared to Ring. Bigger players also make better acquisition targets for the really big Permian players. OXY or Pioneer would probably spin off the CBP acreage, even if they were interested in buying Ring's traditional horizontal drilling acreage. There has been a fair amount of consolidation in the Permian as everyone is trying to get bigger to ensure efficient operations. They're not making more Permian acreage so the big boys with lofty stock prices have a big advantage in bidding wars. Not sure Ring has the right acreage to attract the BIG players.
Still, I like their practical approach and the stock is still dirt cheap. Holding and Hoping!
REI should have done a small reverse
split, like 1 for10, instead of raising
share count, IMO...
Then with a higher share price, we
could sell some calls with price rallies
and help make up some losses...
The lower share price area isn't drawing
more new investors for that reason...
It's hard looking way up and waiting...
https://stocktwits.com/sgtcw1/message/543877496
So we watch...LJ
Bought LEAPS over the past couple of weeks. Mature 1/25 with a $1 strike. Bought half at 1.15 and the other half at 1.05. Pretty low premium for over a 1 year time frame. If Oil stays around high 80's, Ring is going to be printing money and should move back above $2 easily. My avg cost is 1.11 so need share price to exceed 2.11 by 1/25 to make a little money.
Also someone posted that sale by Strongholder owners is done. 12.6 million shares were sold on 8/9/23 so that should not be holding back the stock. Next earnings may be the positive shock that this stock needs.
Had a gtc buy order slapped so hard
in the morning that it stirred
up the chickens...
Might buy near the bottom one day...
So we watch...LJ
Stronghold owners are selling 12.6million shares to fund a new venture. They announced on 8/9/23. You can see big dip and high volume for two days but not nearly enough to account for 12.6million shares. I got scared about oil and sold REI around 1.75 a few weeks ago. Regretted decision and so happy to buy back during this artificial weakness. Got some at 1.80 this morning. Hoping for more weakness. Fundamentals haven't changed. Biggest problem is mgmt is taking prudent course of action. Drilling low cost wells that don't produce high production volumes but are economically smart. My next buy order is at 1.75. We'll see if REI continues to sag. Volume is still suspiciously low. They must know that they are going to knock the price down. Sooner or later, they have to sell and get the money to move on. Hopefully it won't go too low. 52 week low is 1.68.
REI,,, hopefully they maxed out forward natural
gas hedges on Wednesday...
That pump up price day was for
that reason with big production of
nat gas exceeding demand...
REI needs to make a good move
at some time that the market likes
to restore confidence...
So we watch...LJ
WAHA traded at 2.42 this week and up
from 2.11 last week...
https://www.eia.gov/naturalgas/weekly/
Price is affected by heat wave...
Beats the almost nil levels of 4th, quarter
of 2022 which lowered nat gas revenues
across sector...
Good time to hedge sales ahead because
it may not stay so strong for very long...
So we watch...LJ
LMFAO..WHAT A JOKE..VOLUME 37 SHARES....
U.S. Commercial Oil Inventory is 2% below
the five year average for this
time of year...
Gasoline inventories 8% lower than
five year average this time of year...
https://ir.eia.gov/wpsr/wpsrsummary.pdf
Going into summer...
May SSTs in 2023 were much warmer
in Caribbean and Atlantic Ocean
than in past four years...
Caribbean is south of Gulf of Mexico...
Buyers may be on Tropical vacations...
So we watch...LJ
06/01/21, REI $2.70+ /share, WTI $73+ /bbl...
06/01/23, REI $1.80 /share,
06/01/23 WTI $70+ /bbl...
'What we have here, is a lack of
appreciation'...
https://hfir.substack.com/p/the-saudi-put?r=f2v8q&utm_medium=ios&utm_campaign=post
So we watch...LJ
Should have been enough time and volume for
warrants to be laundered into
the float now...
So we watch...LJ
REI should consider discounting their Delaware
Basin property of about 18,000
net acres to reduce debt...
https://www.ringenergy.com/our-operations/delaware-basin
REI has good operations in NWS
and CBP to support their higher debt
after acquisition in 2022 was done and
hold onto the Delaware Basin property...
Economics of reducing debt now with
higher interest cost favor selling it
more than holding it...
REI revolver debt went from about
$280 million at 03/31/2022 to about
$422 million at 03/31/2023...
Around $142 million higher due to
2022 acquisition...
Problem is higher interest rates have
increased the interest costs...
Interest cost of about $3.4 million at
end of 03/31/2022 grew to about
$10.4 million at end of 03/31/2023...
Economics now says there is greater
incentive to price the Delaware Basin
property to sell with the current higher
oil price market...
And that potential sale paid on the
revolver debt would reap compounding
benefits going forward with much lower
interest costs on the debt revolver...
03/31/2022 info...
https://d1io3yog0oux5.cloudfront.net/_35de2e812ee925b7646bd8a09f088625/ringenergy/db/856/7666/pdf/REI+Q12022+Earnings+2022+Investor+Deck+5.11.22+VFINAL.pdf
03/31/2023 info...
https://d1io3yog0oux5.cloudfront.net/_35de2e812ee925b7646bd8a09f088625/ringenergy/db/856/7714/pdf/REI+1Q2023+Earnings+2023+Investor+Deck+5-4-23+FINAL.pdf
And there are plenty of places for
REI to drill on their NWS and CBP
properties with more funds available...
Delaware Basin property isn't really
cheap either to be selling from...
https://www.reuters.com/business/energy/market-us-oil-acreage-booms-along-with-crude-price-recovery-2021-06-07/
So we watch...LJ
REI 88 million revenue versus 68 million
revenue in quarter a year ago...
So we watch...LJ
Ruff time to report earnings in oil patch...
U.S. oil inventories have dove
downward over past month,,,
while U.S. oil exports accelerated,,,
while China is buying heavy due to
reopening their economy after two
years of shutins for citizens...
And oil price is Well below $100/bbl.
this year so far...
Keeping a cap on rig counts in play
with high drilling costs...
Ruff time to report earnings...
So we watch...LJ
New warrant shares may not be laundered
out by then if volume doesn't
pick back up...
Penny stock investors are very educated
as you see by the declining volume...
Dilution is driving share price down
while many well run oil companies
have put share buy backs in place
with good oil prices...
So we watch...LJ
1. no, 2. no, 3. no, 4.no, 5. yes,,,
5. yes, need firm to double check
company accounting...
If you didn't price a prior deal at
total value from start in past, then
why should you be allowed to
disperse more shares that way?...
So we watch...LJ
Followers
|
25
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
225
|
Created
|
10/20/12
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |