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Investors who may be on the hunt for stocks in the energy sector could consider taking a look at Resilient Energy Inc. (OTC:RENI). The company’s mission is to discover, develop, and eventually improve the mode of traditional oil and gas production.
Most companies are focused on the shallow active vertical wells and boost yields with marginal improvements based on efficiencies. The principals, along with the team at Resilient Energy, had been successful in identifying a number of such properties that it could obtain in the coming three months. The company asserted that it had built a team that could not only provide deal flow consistently but also operate at lower costs.
October 5, 2022, was a momentous day for the company since it announced it had received authorization from FINRA to start trading on the OTC Markets under the ticker symbol RENI. At the time, the Chief Executive Officer of the company, Jon Bianco, stated that everyone at the company was excited about entering the public markets.
He went on to note that prior to that, the company had been working diligently on opportunities to gain access to the public markets. He also stated that becoming a public company would also help with Resilient Energy’s growth as a business.