Ring Energy Inc. (NYSEAMERICAN:REI).

Ring Energy Inc. is an independent oil and gas company based in Texas, focusing on developing conventional assets in the Permian basin using modern technologies. The company has achieved strong financial results and superior returns by utilizing shallower wells with lower costs, resulting in a breakeven cost of $30-$35 per barrel. Despite market volatility, Ring Energy remains economically viable and continues to perform well. In an interview with CEO Paul D. McKinney, he emphasizes the importance of technology in increasing efficiency and production, as well as the impact of global events on the company's capital spending and stock performance. McKinney also discusses the company's focus on reducing debt and plans for growth through acquisitions, while acknowledging the challenges of volatility, uncertainty, and potential regulatory changes in the industry. [Extracted from the article]