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home / news releases / PED - Ring Energy: Returning To Normal

PED - Ring Energy: Returning To Normal

Pedevco Corp.
  • The acquisition of the Northwest Shelf properties is still beneficial.
  • The debt used to acquire the Northwest Shelf properties proved to be burdensome.
  • The bank line is unlikely to decrease any more in the future.
  • Any new wells drilled appear to be capable of quickly raising cash flow.
  • Coronavirus demand destruction highlighted the weakness of the strategy of relying on debt.

For further details see:

Ring Energy: Returning To Normal
Stock Information
Company Name: Pedevco Corp.
Stock Symbol: PED
Market: NYSE
Website: pedevco.com
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