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Post# of 17737
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Bobwins

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Bobwins

Re: Bobwins post# 17720

Friday, 05/05/2023 5:58:20 PM

Friday, May 05, 2023 5:58:20 PM

Post# of 17737
Been buying REI on the way down. Bought my last shares at 1.68 right before earnings. Closed today at 1.91. Still below my avg cost of 1.94 but getting closer. REI posted Q1 earnings of 32 million or .17eps(.14 adjusted for one time items.)

Had free cashlflow of 10 million. Full year guidance is for production between 17800 and 18,800boepd.

Oil is around 84% oil and ngl.

Earnings could go down in Q2 because the price of oil and ngas have continued to fall. I expect oil to rebound later this year as China continues it's rebound and production stagnates.

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

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