TSX:RMP - Post Discussion
RMP ENERGY INC
> Analyst Actions: RMP Energy Upgraded to Outperform by Macqua
Post by
peterns on Sep 18, 2017 10:53am
Analyst Actions: RMP Energy Upgraded to Outperform by Macqua
10:50 AM EDT, 09/18/2017 (MT Newswires) -- Macquarie Research boosted its rating on RMP Energy (RMP.TO) after "a closer look at recent developments in the Elmworth region," wrote analyst Tom Hems, the Globe & Mail reported.
"We are upgrading RMP to outperform (from neutral) following a closer look at recent developments in the Elmworth region. Recent meetings with the new management team support our positive outlook," he said.
He noted that recent land sales results have been positive. "Regional land sales have averaged about $500/acre since the beginning of 2016 with some recent packages going in the $1,600 - $3,125/acre near some of RMP's land. Based on the average land sale metric, we believe there is little upside potential being priced into the stock today."
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