RE:RE:RE:RE:AltaCorp comment from todayHey Jonesing,
I'm not angry and have covered E&P, services, midstream, power on buyside and sellside for 25 years and now doing something different.
I am a shareholder in RMP and know the Ante Creek, Waskahigan, and Gold Creek type curves and economic models pretty well. Low to reasonable capital cost and prolific high IRR, ROR and payback profiles.
I like the base of properties vs. the current valuation (enterprise value) so hope that adds some balance to the previous posts which are meant to be negative. They are an outline of some of my own observations and opinions and other professionals (analysts, buyside, sales, banking) who know the Canadian E&P space and I stay in touch with.
However, sometimes reality is a bit negative and many stocks (particularly those with reasonable credit metrics) have done very well this year while this one continues languish.
The underperformance and lowest valuation in the sector (at least on traditional metrics) is not due to low commodity prices or any other external factor.
So the list is a summary of my observations and color from others....that's all
thx
Jack Dee