Riley Exploration Permian (REPX) Webinar on April 10

[dan_s]

Riley Exploration Permian, Inc. (AMEX: REPX) will be on a webinar hosted by Water Tower Research on April 10

Register here: https://us06web.zoom.us/webinar/register/WN_b81xRJWnQJGnkuSJr1K17Q#/registration

Bobby Riley, Chairman, President, & CEO
Philip Riley, CFO
Wednesday, April 10, 2024 | 11:00 AM EDT

Discussion topics will include:

A capital program designed to deliver volume growth and ample free cash flow to support capital returns to shareholders.
How conventional oil producing assets support the corporate strategy.
Adding value through field operations.
Creative power solutions that extract value from natural gas production.

About Riley Exploration Permian, Inc. Riley Exploration Permian is a growth-oriented independent oil and natural gas company focused on the acquisition, exploration, development, and production of oil, natural gas, and NGLs in the Permian Basin. The company’s primary activity targets the horizontal development of the prolific San Andres formation, a shelf margin deposit on the Northwest Shelf portion of the Permian Basin. Most of Riley’s acreage is located on large, contiguous blocks in Yoakum County, Texas. The company’s homepage is www.rileypermian.com.

About WTR Modernizing Investor Relations Through Research-Driven Communications and Investor Engagement. Sound investment research begins with good information. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundations of a successful modern investor relations platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight to a new digital world of investor communications and engagement. Our research and investor content is open for everyone to access and distributed across traditional research aggregators like Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies take control of their IR program and proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients’ businesses, industries, and the investment opportunities they present.

[dan_s]

Here is my take on what happened today.
> When the stock sale was announced this morning at $27/share, a large shareholder panicked and sold a large block of shares at the market.
> That sale triggered a lot of stop loss orders.
> REPX has normal trading volume of ~85,000 shares per day. Today over 1.5 million shares changed hands. There were not enough Buyers to stop the selloff.
> As I posted earlier, the number of shares being sold by the company only increased the outstanding shares by 3.4%. That alone only lowered my valuation by $1 to $50 per share. < Rising oil prices will more than offset this small dilution.

Riley's management team will now get out and explain why they did this deal, which will fund a strategic acquisition in one of the Tier One areas of the Permian Basin. Go to EOG or MTDR or PR and read about the well results that they are getting in Eddy County, New Mexico.