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Independent Oil Gas
I am not a stock trading expert, but I can provide you with some general information about Independence Oil and Gas (ticker symbol: RCAP), a public company that operates in the US energy market.
Independence Oil and Gas is an independent exploration and production company focused on the acquisition and development of onshore oil and natural gas properties in the United States. The company's portfolio includes assets in several key basins, including the Anadarko and Appalachian basins.
As of 2021, Independence Oil and Gas has a market capitalization of around $66 million, making it a relatively small player in the energy sector.
Regarding earnings, the company's financial performance has been somewhat volatile in recent years. In 2020, Independence Oil and Gas reported a net loss of $10.5 million, a significant improvement from the net loss of $36.2 million in 2019. The company's revenue for 2020 was $24.2 million, down from $43.4 million in 2019.
Regarding growth, Independence Oil and Gas has been actively acquiring and developing new assets in recent years to drive long-term growth. However, the company's near-term growth prospects may be impacted by broader market conditions, including fluctuations in commodity prices and the ongoing COVID-19 pandemic.
It is important to note that the information provided here is only a general overview, and potential investors should conduct their own thorough research and due diligence before making any investment decisions. Additionally, it is always recommended to consult with a financial advisor or broker before investing in the stock market.