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

<div><ul><li>Ring is sharpening its debt reduction focus to maintain flexibility to execute management’s growth strategy, which relies on producing property acquisitions and low risk asset exploitation/development.</li><li>Management’s 3Q25 debt reduction target is $18 million., which will bring long-term debt down to ~$430 million.</li><li>As of June 30, 2025, Ring had $448 million outstanding on its RBL credit facility, which had a borrowing base of $585 million. </li></ul></div>

Ring is sharpening its debt reduction focus to maintain flexibility to execute management’s growth strategy, which relies on producing property acquisitions and low risk asset exploitation/development.Management’s 3Q25 debt reduction target is $18 million., which will bring long-term debt down to ~$430 million.As of June 30, 2025, Ring had $448 million outstanding on its RBL credit facility, which had a borrowing base of $585 million. 

REI: Oil Price Environment Sharpens Management's Debt Reduction Focus

Ring Energy Inc

REI: Oil Price Environment Sharpens Management's Debt Reduction Focus