REI 2.07 Sold out of Ring Energy at the end of 2022 at a loss. i didn't take into account the private shareholders who were paid with REI shares in Q3. I think they have been cashing out steadily, driving the share price down near $2. Ring closed the transaction in 8/31/22 so had one month of the private production in their Q3 results. Ring made .49 in Q3. P/E is going to be around 1!!!
Conservative mgmt, low break even, high oil content in production mix, low cost drilling. Ring should do fine once the private company shareholders dump their shares. Granted it's a lot of shares but sooner or later this should move up to reasonable territory. The financial results for Q4 and 2022 are due 3/10/23. I expect very positive production and financial results.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
