RE:RE:RE:Patience pays offIt was quite the run up yesterday for sure, it retraced due to the markets selling off as did every other stock but it will trade according to what oil does and it looks like oil wants to keep going higher. The Saudis are dipping into their reserves much faster than anyone expected, so I see the trend continuing. The frackers are fracked, that play only made sense at a much higher price and they won't be as quick to lever up even when (not if) the price recovers.
I see RMP as a good hold at these prices. You want to buy a company such as this, with a good balance sheet, good management, one of the lowest cost producers at this time in the cycle.
Also, energy might be the only sector that I have confidence investing in considering what's going on in the overall markets and the micro/macro economics happenings at this time. Interesting times we live in for sure.
Jethro