Ring up 22 per cent
Re: Ring up 22 per cent
Over 10% of the stock has traded today, but no news to support this big move. My valuation is $5.00/share, so it was due for a big move.
Ring has ramped up their drilling program and they are now generating a lot of operating cash flow to fund their growth. Free cash flow of $40 to $45 million this year will shore up the balance sheet and set them up a big move in 2022.
My 2022 forecast: $0.73 EPS, operating CFPS of $1.42 and production of 11,000 Boepd, a 26$ YOY increase.
Ring has ramped up their drilling program and they are now generating a lot of operating cash flow to fund their growth. Free cash flow of $40 to $45 million this year will shore up the balance sheet and set them up a big move in 2022.
My 2022 forecast: $0.73 EPS, operating CFPS of $1.42 and production of 11,000 Boepd, a 26$ YOY increase.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Ring up 22 per cent
Up another 11% today
I think there is a short squeeze in this name helping things
I think there is a short squeeze in this name helping things