Ring Energy Inc
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Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

Ring Energy, Inc. (Ring) is an exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. The Company's exploration and production interests are focused on Texas and Kansas. Its operations are all oil and gas exploration and production related activities in the United States. The Company's primary drilling operations target the Central Basin Platform in Andrews County and Gaines County, Texas, and the Delaware Basin in Reeves County and Culberson County, Texas. As of December 31, 2016, Ring had 53,582 gross (32,663 net) acres in Andrews and Gaines counties and 20,794 gross (20,490 net) acres in Reeves and Culberson counties. The Company also had 14,647 gross (14,549 net) acres in Kansas, as of December 31, 2016. As of December 31, 2016, Ring's proved reserves were approximately 27.7 million barrel of oil equivalent (BOE).

Day's Change
0.035 (1.56%)
B/A Size
Day's High
Day's Low
(Heavy Day)

Today's volume of 3,081,975 shares is on pace to be much greater than REI's 10-day average volume of 1,754,690 shares.


Apple slapped with antitrust complaint in Germany over new iPhone privacy settings

1:00 pm ET April 26, 2021 (MarketWatch)

Jack Denton

The German Advertising Federation filed an antitrust complaint in anticipation of the new iOS 14.5 update.

Apple faces an antitrust complaint over new iPhone privacy settings from a group of Germany's largest and most powerful media and advertising companies.

The German Advertising Federation, called ZAW, said on Monday that it had filed an antitrust complaint with the Bundeskartellamt, Germany's Federal Cartel Office, which confirmed to MarketWatch that it had received a complaint against Apple (AAPL).

The complainants, which include eight associations in the media and communications industry, ZAW said, allege that Apple abuses its market power and violates antitrust law through new changes to iPhone privacy settings.

Also read:The fate of Facebook's business model may lie in the hands of the European Union supreme court (https://www.marketwatch.com/story/the-fate-of-facebooks-business-model-may-lie-in-the-hands-of-the-european-union-supreme-court-11616606837)

Plus:Facebook, Google, Apple and Amazon could face multibillion-dollar fines under new EU tech regulations (https://www.marketwatch.com/story/big-tech-could-face-break-up-and-billion-dollar-fines-under-new-eu-regulation-being-announced-tuesday-11608046523)

The changes, called App Tracking Transparency, are set to take effect with the iOS 14.5 software update expected on Monday. After the update, apps will require users' consent to track them for advertising purposes, which is expected to hurt the digital advertising industry as users opt out.

"With these unilaterally imposed measures, Apple effectively excludes all competitors from processing commercially relevant data in the Apple ecosystem," ZAW said in a press release (https://zaw.de/missbrauchsbeschwerde-der-medien-und-werbewirtschaft-gegen-apple-beim-bundeskartellamt/) that has been translated. "At the same time, however, the group is excluding its own (advertising) services from the planned changes and collecting considerable amounts of user data itself."

The news was first reported by the Financial Times (https://www.ft.com/content/0a48d9aa-244b-4945-b2a0-01c68683544a), which noted that Facebook (FB) and Axel Springer--the media conglomerate that owns Bild and Insider--are among the companies represented by ZAW and the industry associations.

Apple did not immediately respond to a request for comment.

-Jack Denton; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

April 26, 2021 13:00 ET (17:00 GMT)

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