Laredo new name new forecast
Re: Laredo new name new forecast
Good stuff.
> Q4 production will exceed my forecast.
> Balance sheet continues to improve
> Renaming the company might draw more attention, but higher production guidance for 2023 will do more.
> PV10 Net Asset Value at 12-31-2022 should be at least $100/share.
I talked to Ring Energy's IR firm and they think "rebranding" REI might also give their stock price a boost. Ring is hosting a Houston luncheon for us on December 15.
> Q4 production will exceed my forecast.
> Balance sheet continues to improve
> Renaming the company might draw more attention, but higher production guidance for 2023 will do more.
> PV10 Net Asset Value at 12-31-2022 should be at least $100/share.
I talked to Ring Energy's IR firm and they think "rebranding" REI might also give their stock price a boost. Ring is hosting a Houston luncheon for us on December 15.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group