NYSEAM:REI - Post by User
Post by
ditchdigger251on Mar 04, 2022 4:01pm
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Post# 34484931
Finally! Breakout!
Finally! Breakout!Awesome Trading Day to RING in the 1st Weekend in March! Congrats to All the REI Longs out there! HUGE 4.1MM share Volume that's 4x normal. No doubt some Shorts were covering. But Earnings will come out March 14th (May 9th is for Q1-22). The street estimate is $0.07/sh but that's what it was for Q3-21 when prices and production were weaker. I'm expecting a beat on that. Finally got to see an analyst report on REI - it was very basic - looks like it was relying heavily on the info in the Feb 22nd PR but it gave an estimated "Fair Market" value of $5.82. Given the higher commodity prices and probably acceleration in drilling plans I wouldn't be surprised to see market valuation well past that by the Q1 earnings report. Then comes the expiration of the final punitive hedge at the end of 2022. My gut feel is telling me that things are lining up for a takeout offer - something in the $10 range. It's just beer and whisky talk though...