Ring Energy Inc (REI)

[Jawesomel]

It looks like a short squeeze is possible here according to Seeking Alpha! Be ready! REI !

[Jawesomel]

REI is in a great rebuild position here.

[Jawesomel]

See the article in Seeking Alpha!

[littlejohn]

Total oil inventory is down 218 million bbls.

including the SPR drawdown in the

U.S. in one year thru 10/07/2022...


https://ir.eia.gov/wpsr/overview.pdf

Low U.S. gasoline demand has been

averaging about the same for months

and demand is about the same as

in early fall of 2020...

Much lower Total U.S oil inventories

during a period of weaker gasoline

demand along with it...


Just wanted to give some oil Bears

out there some comforting notes...


So we watch...LJ

[littlejohn]

Crude prices up and REI down a smidge...

https://www.investing.com/news/commodities-news/oil-bulls-ride-opec-wave-to-push-brent-near-100-a-barrel-2907566


So we watch...LJ

[littlejohn]

Dump REI and get over 2% in money

market account and dodge the

equity growth potential...

Market Makers are manipulating,

greedy types out to scare folks

out of good investments...

Now ya know Wall Street playbook...

Don't forget it...


So we watch...LJ

[littlejohn]

Why didn't REI share price increase

after completing merger deal?...


https://d1io3yog0oux5.cloudfront.net/_de82debe0e71990d61eeda4d25addeeb/ringenergy/db/851/7679/presentation/Ring+Energy+Investor+Presentation+EnerCom+Conference+8-8-22.pdf


https://www.ringenergy.com/news-presentations-events/press-releases/detail/183/ring-energy-announces-the-closing-of-the-stronghold-permian

Tough crowd out there watching...

So we watch...LJ

[littlejohn]

8.42 on Feb., 2023 natural gas tonight...

that is fairly decent hedge money

out thru February, 2023...

https://www.barchart.com/futures/quotes/NGU22/futures-prices

so we watch...LJ

[littlejohn]

G.S. pegs $130 Brent in 2022 as

new year end target...

https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sees-5-Gasoline-130-Brent-By-Year-End.html


so we watch...LJ

[littlejohn]

REI 2.73, hot dam, a new Investor Presentation...

https://d1io3yog0oux5.cloudfront.net/_0a8b07b74ba51acbb74289b0716acdfc/ringenergy/db/851/7679/presentation/Ring+Energy+Investor+Presentation+EnerCom+Conference+8-8-22.pdf

REI should be in higher cotton

after closing proposed Deal...



So we watch...LJ

[littlejohn]

Will REI post a 2nd quarter production increase

over the 1st quarter production?...

When is earnings release expected?...


So we watch...LJ

[littlejohn]

REI shares were added this week...

just a glutton for punishment...

so we watch...LJ

[littlejohn]

sell on oil plunge and rate hike...

[littlejohn]

Memories of 2020 with oil dropping below $100/bbl.

and causing investor pauses...


Except oil dropped from almost

$60/bbl. in January of 2020 when

it peaked...


Good companies call that difference

profit between those two numbers...


So we watch...LJ

[littlejohn]

May put in $8 ask for pre market

to see if any needy buyers

are out there in A.M....

so we watch...LJ

[littlejohn]

Texas producers made it thru another week

of the green Biden roll out...


https://texasalliance.org/daily-market-information/


So we watch...LJ

[littlejohn]

Link for daily pricing in Texas...


https://texasalliance.org/daily-market-information/


so we watch...LJ

[littlejohn]

REI 2.74, big open interest on 2.50 and

bigger open interest on 3.00

thru next Friday settlement...


https://finance.yahoo.com/quote/REI/options


Have looked upon this as bearish

resistance from sold call sellers

that want lower settlement prices...


Might be wrong...


But the tail of the daily tape

suggests bears in the crowd...


LPI has similar option set up

at $75 and $80 before expiration...


Please don't squeeze the bears...


So we watch...LJ

[softballdaddy]

This has been a bumpy but good ride last few weeks

[littlejohn]

Insider should have waited for record losses

to be reported for 3rd quarter

before selling...



so we watch...LJ

[littlejohn]

sell on China uptick in covid cases?...

or hold?...


so we watch...LJ

[littlejohn]

06/07/21, REI improved hedged positions

in a swap strategy...


https://finance.yahoo.com/news/ring-energy-executes-targeted-hedging-104500083.html


Having 1,500/bbls per day earning

higher current market prices helps

on the cash flow...


so we watch...LJ

[littlejohn]

hedged a lot of profit away this year...


so we watch...LJ

[MasterYoda]

Clear skies

[littlejohn]

3 months late to hop up and down

about low priced hedges...


https://ih.advfn.com/stock-market/AMEX/ring-energy-REI/stock-news/84734162/large-ring-energy-inc-shareholders-encouraged-th


But they didn't look low

in December of 2020...


So we watch...LJ

[softballdaddy]

Well let's see where this takes us...

[ThoughtPower]

Climbing strong, let’s see $3?

[littlejohn]

REI 2.51 , WTI Midland crude pricing link...


https://www.cmegroup.com/trading/energy/crude-oil/wts-argus-vs-wti-calendar-spread-swap-futures.html


So we watch...LJ

[plumber652]

Breaking 3 toady is possible!

[ThoughtPower]

Nice looking pre market... curious if this is setting up for a $3 break next week?

[littlejohn]

REI 2.29, shorts need all the help that

sellers can bring...


https://shortsqueeze.com/?symbol=rei&submit=Short+Quote%E2%84%A2


So we watch...LJ

[Dubster watching]

Unloaded with a tiny bit of green.
Thankful

[littlejohn]

REI,,, another weekly drop in U.S. oil

production in the oil sector

may be reported on Wednesday

for week ending 02/26/2020...


Couldn't find a clue in

the falling oil future's

prices now...


https://www.barchart.com/futures/energies


Production versus demand is

still key to watch...


Many Russian oil fields may

stay as frozen as Texas was

a week ago for months...


China is frantically trying

to talk down fuel prices with

their country coming off holiday

and headed back to work...


I had some fries this evening

and hope to get some shakes

on Tuesday...


Very speculative approach though...



So we watch...LJ

[hamburger]

Yes. We watch and watch and reap and sow.

[hamburger]

True. Let's make it so.

[littlejohn]

...not before Tuesday...


so we watch...LJ

[ThoughtPower]

I dunno but it would be lovely—

[hamburger]

Do you think this will reach $5.00 soon?

[littlejohn]

Gas prices on a rocket launch this week...


So we watch...LJ

[Dubster watching]

Loaded some great prices today!!

[littlejohn]

REI 2.70, cat's out of the bag now...


https://shortsqueeze.com/?symbol=rei&submit=Short+Quote%E2%84%A2


So we watch...LJ

[ThoughtPower]

That would be lovely. I’d like to see $15 again :))

[ClayTrader]

* * $REI Video Chart 02-24-2021 * *

Link to Video - click here to watch the technical chart video

[SGTCW]

My heels are dug in!! With a book value of 7.75 a share this has a nice run ahead of itself!

[ThoughtPower]

2.5.... can we get a push to $5????


great SS....

[Wolfe64]

Last float count was 82 million shares. Lowest float ever hahaha. $180 million dollar market cap as of yesterday. Bring on the oil! $REI

[Wolfe64]

Just got into $REI. Will be a good year here!

[SGTCW]

Great news this morning!!

[softballdaddy]

Just need some pressure to force them to cover..maybe the oil price hike and Permian basin production picks up next week after the thaw

[littlejohn]

Here kitty, kitty, short interest too high

on REI at 1.95...


https://shortsqueeze.com/?symbol=rei&submit=Short+Quote%E2%84%A2


Inventory report plunge out

on Thursday passed bullish to

border on alarming...


https://ir.eia.gov/wpsr/wpsrsummary.pdf


The total inventory plunge dates

before cold weather started

impacting the central U.S. areas...


So we watch...LJ