REI Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: REI's strategic moves in the Permian Basin improve operational efficiency, fostering long-term growth. Insider buying signals confidence.




Bearish Case: High implied volatilities and liquidity concerns, coupled with declining oil sales, present substantial downside risk for REI.




Potential Outcomes: High volatility implies 40% chance volatility-driven gains, 35% liquidity issues pressure price, 25% chance of operational gains.




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December 31, 2024


Ring Energy Forecast

REI        Ring Energy











Correlated Assets

Assets that tend to move strongly with REI



FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.88)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.73)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.69)


GTE Forecast + Options Trading Strategies   GTE  Gran Tierra Energy (0.69)


OGN Forecast + Options Trading Strategies   OGN  Organon (0.63)



Uncorrelated Assets

Assets with little price relationship to REI



BYRN Forecast + Options Trading Strategies   BYRN  Byrna (-0.0)


VIRT Forecast + Options Trading Strategies   VIRT  Virtu Financial (0.0)


URBN Forecast + Options Trading Strategies   URBN  Urban Outfitters (0.01)


DNN Forecast + Options Trading Strategies   DNN  Denison Mines (0.01)


DQ Forecast + Options Trading Strategies   DQ  Daqo New Energy (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against REI



ILMN Forecast + Options Trading Strategies   ILMN  Illumina (-0.6)


GL Forecast + Options Trading Strategies   GL  Globe Life (-0.63)


ACN Forecast + Options Trading Strategies   ACN  Accenture (-0.63)


GIII Forecast + Options Trading Strategies   GIII  G-III Apparel (-0.7)


VSCO Forecast + Options Trading Strategies   VSCO  Victoria's Secret (-0.72)









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