文章核心观点 - Ring Energy公司参与了Water Tower Research举办的线上研讨会 [1][2] - 会议主要讨论了公司的资本配置策略、2024年钻井计划的进展、并购前景以及债务减少情况 [1] 公司概况 - Ring Energy是一家专注于开发Permian盆地资产的油气勘探、开发和生产公司 [3] 公司发展情况 - 公司正在积极推进2024年的钻井计划,取得了一定的进展 [1] - 公司正在通过有机发展机会优化资本配置 [1] - 公司正在持续减少债务 [1] - 公司对未来的并购前景持乐观态度 [1]

文章核心观点 - 近12-18个月来,油气股票并未受到关注的焦点[1] - 宏观经济逆风导致原油价格持平或下跌,这是主要原因[1] 行业总结 - 原油价格疲软,这给油气行业带来了不利影响[1] 公司总结 - 无相关内容

I analyze oil and gas companies like Ring Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and ...

Editor's note: Seeking Alpha is proud to welcome RW Analytics as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Background in investment banking and real estate development, currently focus on dividend stocks. Area of specialization is in real estate. Value investor but not afraid to buy superior companies at higher multiples, so long as they remain su ...

文章核心观点 - 公司在第二季度的销量表现远超预期,全年产量指引也上调了4%-5% [1][2] - 公司在上半年产生了3700万美元的自由现金流,但由于营运资本变化的影响,仅偿还了1800万美元的信贷债务 [1][5] - 分析师将公司在长期75美元WTI油价情景下的估值上调至每股2.70美元,较之前上涨0.20美元 [1][7] 销量表现 - 公司第二季度总销量为19,786 BOEPD,较第一季度增长4%,也大幅超出之前的指引 [2] - 公司第二季度原油销量为13,623桶/天,较第一季度增长2%,也超出了指引 [2] - 尽管原油占比略有下降,但强劲的油价使得公司实现的平均每桶价格略有上升 [4] 天然气和NGL价格 - 由于天然气价格大幅下跌,公司天然气和NGL业务在未经套期保值的情况下产生了小幅负收益 [3] - 公司披露,这主要是由于计算销售价格时扣除了较高的运输和加工费用 [3][4] 下半年展望 - 公司上调了全年产量指引,预计2024年全年平均产量为19,400 BOEPD,其中原油为13,500桶/天 [5] - 按照当前的油气价格,公司预计下半年将产生2300万美元的自由现金流 [5] - 在此情景下,公司2024年末的净债务将约为3.83亿美元,净债务/EBITDAX比率为1.5倍 [5] 估值分析 - 分析师将公司在长期75美元WTI油价和3.75美元NYMEX天然气价格情景下的估值上调至每股2.70美元 [7] - 这相当于公司的EBITDAX估值为3.5倍,未经套期保值的自由现金流约为每股0.375美元 [7]

bjdlzx Ring Energy (NYSE:REI) is one of many producers not making any money at all producing natural gas. In fact, right now, the net price received is negative. Therefore, increasing the mix of oil produced is going to have some dramatic effects on the profitability of the company. Now, the wells that this company drills are relatively small wells. It therefore takes a lot of these wells to make a difference. However, with cheap wells like these, that "lot of wells" could prove to be a fast fix. More Oil B ...

THE WOODLANDS, Texas, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today announced its participation in the EnerCom Denver Conference to be held in Denver, Colorado where Paul McKinney, Chairman and Chief Executive Officer, is scheduled to make a presentation on Monday, August 19th, 2024 at 11:20 am Mountain Time (12:20 pm Central Time). Senior management will also host one-on-one meetings with investors. The presentation will be webcast live and archive ...

Ceri Breeze/iStock Editorial via Getty Images Note: All amounts presented are in Canadian Dollars. All references are to the stock price on TSX and not the OTC symbol. Only Canadian investors can trade options for Canadian stocks. US Investors cannot. On our last coverage of RioCan REIT (TSX:REI.UN:CA) we told you why bulls were not likely to make headway despite some good numbers from the company. While bears had some good counterarguments, we felt that neither side would be able to press the advantage, an ...

财务数据和关键指标变化 - 公司在第二季度实现了创纪录的销售量和现金流,销售量同比增长4%,创下历史新高 [15][29] - 营业成本(LOE)低于指导区间下限,每桶油当量成本为10.72美元,较上季度略有上升 [17][36] - 公司实现了创纪录的调整后EBITDA 66.4百万美元,同比增长7% [19][41] - 创纪录的调整后自由现金流为21.4百万美元,同比增长70% [22][42] - 公司使用自由现金流偿还了15百万美元的债务,自收购Founders资产以来共偿还48百万美元 [23][43] 各条业务线数据和关键指标变化 - 原油产量同比增长2%至13,623桶/天,总产量同比增长4%至19,786桶油当量/天 [15] - 原油占总产量的69%,公司将继续集中资本支出于高含油率的未开发机会 [16][33] 各个市场数据和关键指标变化 - 原油价差从上季度的-1.34美元/桶改善至-0.61美元/桶,天然气价差从-2.57美元/Mcf恶化至-4.31美元/Mcf [30][31] - NGL价格占WTI的12%,较上季度的15%有所下降 [32] 公司战略和发展方向及行业竞争 - 公司将继续保持灵活的钻井计划,根据市场条件调整支出水平,维持或略有增长的产量水平 [24][46] - 公司正在测试一些可能增加现有储量的新想法,包括垂直和水平钻井 [76][116] - 公司正积极关注行业内的收购机会,认为未来几年内会有更多的非核心资产出售 [82][83] - 公司认为收购资产时要确保交易对资产负债表有利,并有明确的偿债计划 [54][56] 管理层对经营环境和未来前景的评论 - 管理层对第二季度和全年的业绩表现感到满意,认为公司正在执行既定的价值导向战略 [51][69] - 管理层认为公司有足够的短期和中期钻井储备,但长期储备相对有限,因此收购仍是重点 [76] - 管理层表示将继续通过提高沟通和分析师覆盖来提升公司的知名度和股价表现 [65][66] 其他重要信息 - 公司任命了新的运营副总裁Shawn Young和法务及人力资源副总裁Phillip Feiner [12] - 公司第三季度和全年的产量指引与第二季度基本持平 [26][47][48] - 公司全年资本支出指引较之前略有下调,主要得益于成本效率的提升 [49] 问答环节重要的提问和回答 问题1 **Neal Dingmann 提问** 询问公司未来的钻井储备情况 [71] **Paul Mckinney 回答** 公司有较充足的短期和中期钻井储备,但长期储备相对有限,因此收购仍是重点 [73][76] 问题2 **John White 提问** 询问公司是否增加了资本支出指引 [89] **Paul Mckinney 回答** 公司并未增加资本支出指引,反而略有下调,主要得益于成本效率的提升 [90][98] 问题3 **Jeffrey Grampp 提问** 询问公司下半年资本支出为何可能有所增加 [96] **Paul Mckinney 和 Shawn Young 回答** 公司计划增加一些试验性的钻井投入,以及一些设施升级支出,但整体指引范围内 [98][99][100][101]