Video: Ring Energy: Looks Poised to Double with Short Squeeze and Free Cash

• Large short interest of float could create short squeeze.
• Low valuation could double to a 5.0x P/E and a $5.00 stock.
• Strong year over year performance driven by 100% increase in production and 243% in cashflow.
• Committed to improving leveraged balance sheet. Currently 1.4x with goal of under 1.0x.
• Stronghold acquisition is driving efficiencies and production growth.
• Biggest risk is commodity price exposure could crush REI’s cashflow and further strain its highly levered balance sheet.,
• Our view, is commodity prices should improve into 2023 as Strategic Petroleum Reserve (SPR) depletion is stopped, and Chinese demand comes back online as strict COVID shutdown policies eased.