Ring Energy: A Founders Ticket To A Solution
Ring Energy(REI) Seeking Alpha·2024-07-18 01:44
bjdlzx When Ring Energy, Inc. (NYSE:REI) announced that it had made the Founders acquisition, there were plenty of comments about adding debt “at a time like this” (to cleanly explain a lot of shareholder frustration with the deal). But now comes the announcement of higher-than-expected production (both total and oil) as well as an expectation of lower costs to be reported in future earnings. The last article was focused on cash flow progress. But that progress is difficult to see when commodity prices ...