Replies to post #17709 on Value Microcaps Junior Energy

[Bobwins]

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.

[Bobwins]

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.