RGY-Q2/6 mth Earnings
Posted: Monday Aug 27 9:20:20AM 2007
A couple of years ago RGY was tracking towards nearly identical numbers in terms of production and cash flow and was trading at $2.40. Market sentiment effects are funny sometimes. Nice to see a positive trend in all the numbers after a rough couple of years. Stock is only trading at 2.5x projected cash flow for the year. Also nice to see the fairly equal mix of oil and natural gas production, a couple of years ago they were mostly gas and were hurt by the price declines. Load up, sit back and be patient - the market will one day recognize this one again.