Post by
George98 on Aug 09, 2016 5:04pm
Very good article about RMP and its sale
Seeking Alpha published an article about RMP today and the author notes that RMP will not get more than $1.10 per share primarily because RMP is a distressed seller as a result of the fact that the banks have reduced RMP's borrowing base at $100 million.
The comments in that article are also very interesting and insightful.
I wish best of luck to RMP shareholders but I think the upside from the current levels is limited and the author is right.
The link from the article is below
https://seekingalpha.com/article/3997277-rmp-energy-sale-will-shareholders-benefit-sale
Comment by
George98 on Aug 10, 2016 2:42am
There is also a rumor inthe energy ptch about a CEO change if RMP doesn't find a buyer. Time will tell.
Comment by
Needmoney75 on Aug 10, 2016 2:45am
What's the source of the rumour?
Comment by
Rodentrunner on Aug 10, 2016 7:51am
Just another stockhouse BB rumour is all... that's the source BSBSBS
Comment by
George98 on Aug 11, 2016 2:41am
If u live in Calgary I m sure u will listen to this.But again time will tell. Let's see how things play out with the potential sale. Good luck.