Oil stocks are priced based on reserves and cash flow. In order for an oil company to grow aggressively without debt they need to use existing cash flow to purchase new fields and bring new wells online. That is precisely what RGNO is doing. So earnings will not be the primary determinant of share price here. It will be reserves, cash flow, revenues, drilling results etc.
The company has given some information but a previous poster is correct. Many small cap oil stocks try to limit the information they put out on the leases they own because they dont want competitors to come in and bid up the property around them. Having said that I would anticpate RGNO giving us some information on cash flow, reserves and the like at some point.
IMHO this is one of the best small cap oil plays in the market. RGNO had all of their ducks in a row before they went public imho and the earlier PR's allude to this. I would not want to be out of this stock when they start releasing such information.
Traders will get left behind on this stock if they try to trade in and out. This is a buy and hold.
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