U.S. Markets open in 1 hr 41 mins

Ring Energy, Inc. (REI)

NYSE American - NYSE American Delayed Price. Currency in USD
Add to watchlist
2.2600+0.0200 (+0.89%)
At close: 4:00PM EDT

2.2700 +0.01 (0.44%)
Pre-Market: 7:31AM EDT

Sign in to post a message.
  • J
    James
    Beat on EPS by .03 and Rev. by almost $10m. Seems like a lot of positive things to build off of.
  • i
    iscius
    Solid beat even with the texas freeze and yet price drops. All marketing.
  • B
    Bruno
    Strong day for REI. API is predicting a weekly crude draw of 2M barrels. Unfortunately, they haven't been very accurate lately, differing from the EIA report by as much as 4M barrels. EIA report due at 10:30 AM tomorrow. Of course, the most important weekly report will be next week when we will see the effect of the additional 600K bopd from OPEC+ beginning May 1. On the plus side, CA, NY and NJ are all making significant moves to re-open fully in the next few weeks, while India's new C19 numbers have appeared to peak.
  • K
    Kevin
    Solid but not spectacular quarter. Will not hurt trajectory of SP and guidance will allow SP to move back up. We need a big 2nd quarter.
  • D
    Dan
    This highly undervalued stock should be near 3.00. The 2021 hedges are nearly half over, and proved oil reserves are priced at a fraction of small cap oil based upon market cap.
    Bullish
  • J
    John McClaine
    Can this go high to $3 ? Earning were good right?
  • K
    Kevin
    This should be rallying with crude prices firming. Even with the rare severe cold weather shutdown in the 1st quarter still where able to make another substantial debt reduction payment. This is just waiting to explode.
  • C
    Chuck
    $CPE conversation
    Long on $CPE, $NESR, $ERF, $REI for energy stocks. REALLY, REALLY looking forward to earnings reports next week!!
    Analysts projecting $1.00 eps for CPE. I expect CPE to exceed expectations AGAIN by 100%.
    Expecting $1.90 - $2.15 eps for last quarter with $10.00 - $12.00 for the full year from operations.
    In addition, reversing impairment charges on reserves to current crude prices should add more eps than current share price making total eps $55.00-$60.00 for the year.
    “We’ve only just begun”
    Bullish
  • T
    Tom
    Their making money, in the Green, still paying down debt every quarter and 7 new wells so far this year and more coming.
    Bullish
  • B
    Bruno
    Don't forget that management is actively working behind the scenes in order to sell the Delaware asset and/or some other possible deals. I don't think that they plan to stay pat for the rest of the year. Once my BORR holding is green, I may switch back to REI if the price hasn't already zoomed up. Let's hope Bob and charles got back in at $1.92, because I just don't believe the gap below there will ever get filled.
  • D
    David
    $64 WTI, asset sale on deck, Q1 earnings w/overly hedged and lower winter weather production, high percentage of float shorted. Net positive. Let's go!
    Bullish
  • K
    Kevin
    April was not good for REI. May will be better. June and beyond will be very good as we will test and then move past 52 week high set in March. Hold your shares as this will be a $5 stock this year.
  • O
    Outofjailsoon
  • O
    Outofjailsoon
    If the automated sentiment algorithms switch to bullish then Energy stocks will lift off.
    Bullish
  • c
    celetheo
    Here comes the summer demand build. Barring something unforeseen, energy should have a nice multi-month streak.

    We've all talked a lot about the tailwinds. But something else to consider for $REI is 2022 hedge announcements.

    At what price would you be OK with 2022 hedges? For me, a ceiling of $70 is good - even on 100% of production, but ideally closer to 50%. This would mean we could comfortably reduce debt below $200m in 2022, and get to the 1.5/1 EBITDA/debt levels REI is targeting to expand production. If you believe the reserve values are $1B, then increased production is eventually where we want to be.

    There is still a small chance of covid variants, a winter wave, etc., in this year. REI operating conservatively feels "right" in my view, and 2022 hedges on 100% of production should be expected. Just food for thought.
    Bullish
  • B
    Bruno
    It appears that the C19 surge in India is the biggest impediment to oil prices rising right now, but the US, UK and some other countries are now sending supplies and equipment to help out. Once India peaks out and starts declining, there is a good chance oil prices will spike. I feel very optimistic for May, so we'll see in the next week if the gap charles keeps talking about gets filled. I'm still voting that we won't see that gap again. ; > }
  • j
    jerry
    Surprised it isn't down further with the redundant guidance signaling towards missing Q1.
  • K
    Kevin
    Guidance from earnings release call this week will push stock back towards $3. Good week ahead!!!
  • K
    Kevin
    $2.40-$2.50 today. Get ready shorts to cover and lead the SP back to $3+
  • K
    Kevin
    Think we are tap to have a big Green Day Wednesday. GTE also primed for takeoff. If you want to dabble in small Bio then check out the news on BLRX- looking good.