You need to jump on the band wagon, if you crunch the numbers the book is at least 11.00, [more]
They did what they needed to do if you follow this stock. It wasn't a matter of if, but when. Now it's up to you....do you think oil well stay depressed for 2 years or more. Look at history and decide yourself.
If Rig isn't on your radar - it should be now.
Complete D&D, but timing is right when oil stabilzes.
Ring Energy (AMEX: REI) announced its operations update for the fourth quarter of 2014. In the last three months of 2014, Ring drilled 43 new development wells, 33 of which were completed and placed in production by year-end. The remaining 10 development wells are in varying stages of completion and will be placed in production in early 2015. In addition, the Company performed five re-fracs and re-completions in the fourth quarter of 2014. For the full year of 2014, the Company drilled 135 development wells, with 125 wells being completed and placed in production by year-end. The Company had a 100% success rate on development wells drilled and completed in 2014. [more]
This is one stock I don't like. [more]
Be thankful for what you have, and don't worry about what you don't. Every year comes and goes, and we learn as we go. [more]