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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 spacegimpon Aug 17, 2016 9:26pm
262 Views
Post# 25152557

its worse than you think

its worse than you thinkYes you have good oil but only 3300 b/d and its got a high decline rate of over 35% ... i think a fair price in current market conditions would be around 50k per flowing yielding the company around $160 million , the rest of production is low priced and trapped  natural gas product so not really gonna find much of a bid on that(maybe $40 million for ng). Current enterprise value of $250 million(105 debt, 145 equity) , debt written in stone so equity needs a hatchet job to right size the selling price ..sorry this is tough love guys.  I could see a take out at  65 cents/share .
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