Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<ul><li>Production has benefited this year from new wells that have performed above initial expectations and field-level operational efficiency gains.</li><li>1H24 production averaged 19,410 BOE/d, including 13,509 b/d of oil (70%). Total production in 2Q24 was 19,786 BOE/d, a fresh company record.</li><li>Solid production performance and cost efficiencies allowed management to increase FY24 production guidance and trim capital spending guidance. </li></ul>

Production has benefited this year from new wells that have performed above initial expectations and field-level operational efficiency gains.1H24 production averaged 19,410 BOE/d, including 13,509 b/d of oil (70%). Total production in 2Q24 was 19,786 BOE/d, a fresh company record.Solid production performance and cost efficiencies allowed management to increase FY24 production guidance and trim capital spending guidance. 

Ring Energy, Inc. - Execution Above Initial Expectations

Ring Energy Inc

Ring Energy, Inc. - Execution Above Initial Expectations