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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 > Steamy .....
View:
Post by Indicator on Jul 15, 2016 12:21pm

Steamy .....

thanks for your info.

I'd like to know more about this play.  It seems only one of BNN's guests likes it (Swanzy Quarshie).  Not sure her company's relationship with RMP but am always suspicious if just one among many like it.

The problem with looking in from the outside is we don't really know what the intention of big money is here or how hard they'll squash this one.  Makes holding losing positions very risky. 

RMP looks to be at previous support area, but chart is showing no strength or reversal at all at this time:
https://stockcharts.com/h-sc/ui?s=rmp.to
Comment by Steamy1 on Jul 15, 2016 1:23pm
The Waskahegan area is pretty rough, remote country, very expensive to build roads, pipelines, etc, but all of the drilling locations I worked at are designed for pad wells, many pads designed for 4 or more wells with only 1 or 2 wells drilled. However, future infrastructure already in place, so future capital investments will without a doubt bring in more bang for the buck as they will be vastly ...more  
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