10 days of strong accumulation Ongoing strong accumulation ongoing in RMP for 10 days in the $4.60-4.70 range. No catalyst on the immediate horizon to push us up to $5.00 per share (unless we pick up more Ante Creek sections which is very probable). At some point soon the consolidation at this price will end, affording the next uptick to new 52 week highs. We also have room to run as the natural gas assets and production aren't being adequately being reflected in share price. I would like for RMP to spud a liquids rich Montney gas well in Kaybob which they haven't done for quite some time.
RMP should be included in the index on the next review in June so I guess that could be construed as a catalyst as purchases will have to be made for inclusion into the index. This strong accumulation is a precursor to imminent inclusion IMHO....
GLA...