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RMP ENERGY INC T.RMP

"Iron Bridge Resources Inc, formerly RMP Energy Inc is a crude oil and natural gas company engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids in Western Canada."


TSX:RMP - Post by User

Comment by brad753on Aug 11, 2016 8:19pm
180 Views
Post# 25133622

RE:RE:RE:RE:Reserved buys

RE:RE:RE:RE:Reserved buysI say we will have answers tomorrow for a few reasons.. There shouldn't be any panic sellers left after this long of the last news release. Oil prices are decent today and probably will be tomorrow. The earnings report is coming out on Monday. If you look at any chart prior to an earnings release, there is always an upward trend near the end of the trading day, the day prior, if the news is expected to be good,  mostly created by insiders. This will give some insight into what will happen Monday. So with all that said, watch for a steady sideways chart, peaking higher near day's end. If that doesn't happen and we go down 88-90 cents. Most likely it's going to be a loss. So at that point you should sell or expect to go long.  There might be a surprise Monday even if it doesn't look like it, but the odds of that happening are greatly reduced if we see below 90 cents. 
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