Ring Energy Down with large volume

[knusser58]

Hi Dan,
is there any news on Ring Energy?
It has adjusted downward significantly in the last few days and with larger than normal volume.
Regards,
Klaus

[dan_s]

Just their Q2 results
You can find my updated forecast under the Small-Cap tab on the EPG website.

Ring is not "sexy" enough for most investors. They need to stay focused on increasing production and using free cash flow to pay down down debt.

[dan_s]

Ring is going to be fine because it is heavily weighted to oil, but I consider it at the bottom of the small caps for now. If you are investing for the short term, move that money to IPOOF or HMENF. They are both virtually debt free, pay nice dividends and I expect them to report strong 2H 2023 results.

[knusser58]

Dan,
Thank you.
Regards,
Klaus