Post by
Sittingbull11 on Aug 14, 2016 8:16pm
**M & A's ** RMP/BXE ** Balance Sheets **
Resilience, et. al. -- I appreciate your detailing some basic facts regarding the financials regarding RMP and comparing them to BXE etc.. They are good. I would like to offer another view of this. Oil is in difficult times. However, this are actually good times for M & A's. That is what is potentially happening here and where the investment opportunities lay. RMP and BXE are 2 good examples. They each have a .4 and .3 book value, with overall debt aprox. 32 and 39 respectively. These numbers are attractive for M & A's. I suggest that is what is at play here. Short term cash issues aside. Sometimes, taking a distant view can be the best view. Just a thought. Thanks. GLTA
Comment by
brad753 on Aug 14, 2016 9:09pm
Taking a distant view is exactly right. I believe that RMP still hasn't hit its bottom sp. You haven't come out and stated what you expect to see tomorrow. You are giving guys like Baird007 false hope of quick recovery. And although that is a possibility, it is unlikely. That's what I've said all along, so I'm not sure why you disagree with me to the extent you have.