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Bullboard - Stock Discussion Forum 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 Discussion

RMP ENERGY INC > Ask your self
View:
Post by MustangMatt on Jul 24, 2015 11:22am

Ask your self

is RMP mis priced now or was it mis priced 3 months ago.  The price of oil and gas is similar to 3-4 months ago.  At the time RMP was trading say around $3.  Was the stock over priced then?  is the stock still overpriced at $1.70.  Either way the market was wrong about the value of RMP being 3.  In fact the market is only right in that nano second moment.  The question is what will the price of RMP in the future?  Cheers Matthew
Comment by MetalsKing on Jul 24, 2015 11:58am
3 months ago the FCG oil and gas etf traded above 12, now it's at 7.13, a 42% collapse in 3 months, the entire sector has gotten smashed and has gone to lower lows, RMP IMO is a survivor but the longer crude/gas stay down here the more damage will be done to the heavily indebted companies as their hedges keep coming off, this frankly is more bullish for the long term but a lot more painful for ...more  
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