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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

Post by powermanon Aug 15, 2016 4:40pm
137 Views
Post# 25143622

Just for info. No response required.

Just for info. No response required.Boe means barrel of oil equivalent on the basis of 1 boe to 6,000 cubic feet of natural gas. 1000 cubic feet of NG is currently priced at <$2.60 or $15.55 per Boe. Not even close to WTI crude @ $45.74 /Boe today. So when you own a 55% NG producer it does not move with the price of oil so much as the price of NG. NG was higher when power production was higher for Air conditioning but now will be waiting for heating season in mid Q4/16. Not bashing, just clarifing that when you have great properties that are mostly gasy and you have production issues, transportation issues and AECO pricing issues with an oversupply in place for the forseeable future, Things that can go wrong, cause the sp to suffer. longer than expected. DF

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