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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 by User

Post by EtownOilon Mar 19, 2015 2:05pm
368 Views
Post# 23539590

Today

TodaySeems as though the big concern with RMP is the increasing percentage of gas.  I think this, combined with the revised production of 13,500 BOED down from 15,500 is what is killing us.  The management team is top notch, but they consistently under promise (sometimes causing the shareholders some serious pain!). 

I would estimate that production will be significantly higher than 13,500 BOED once the new gas facility is tied in.  I will be waiting for an update with revised guidance to the upside once this happens.  

The worst part of today is seeing RMP so cheap, yet not having any spare cash to invest as I am already fully invested (and ridiculously overloaded in RMP for the record).  Can't help but think 1 - 2 years from now we will look back and be amazed at how cheap RMP was (at least that is what I am hoping for).

GLTA!

 
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