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

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<div><ul><li>Ring is laser focused on operating the most efficient capital program possible to maximize the amount of production and proved reserves that can be developed per dollar of capital invested. </li><li>Management’s primary goal for 2026 in the current oil price environment is to reduce outstanding long-term debt.</li><li>In the two quarters since closing the $100-million Lime Rock acquisition on March 31, 2025, Ring has reduced long-term borrowings by $32 million, including $20 million during 3Q25. </li></ul></div>

Ring is laser focused on operating the most efficient capital program possible to maximize the amount of production and proved reserves that can be developed per dollar of capital invested. Management’s primary goal for 2026 in the current oil price environment is to reduce outstanding long-term debt.In the two quarters since closing the $100-million Lime Rock acquisition on March 31, 2025, Ring has reduced long-term borrowings by $32 million, including $20 million during 3Q25. 

REI: Focused on Capital Efficiency to Maximize Ability to Reduce Leverage

Ring Energy Inc

REI: Focused on Capital Efficiency to Maximize Ability to Reduce Leverage