RE:RE:RE:RE:RE:RE:RE:RE:Composie IndexI agree except we need to push back against people like Nuttal. I think he did say or imply that RMP reported their Ante Creek Production to thier benefit when in fact their reports were 100% accurate in the reporting of the gas production. The volume of gas they are producing also keeps those wells free flowing. They are also having issues calculating reserves due to the play they are in.
I look at things this way:
1. Short term who cares except traders and their idea of a long term hold is one hour.
2. Low debt, good production at low cost, oil is WTI $75.00/Barrel CDN, they are increasing
inventory. They should have an ok profit in Q2.
3. They haven't been able to calculate the reserves at Ante Creek because it has been so prolific, hence the step out well.
4. The management team has integrity and pride and doesn't dance for the short term investor, it is frustrating at times as a well placed word here or there could improve the stock price but for how long? They do sandbag there is no question. But I would rather that than over promise.
5. They are not Market Darlings at this time, but look at the ones that are and really peel back the sheets and look at the debt and profit and see which stock you would want to own in this tough market.
6. A study was just released that followed some 60 plus financial pundits for over 10 years and it found that their predictions ran on average at 47% correct. That is worse than a coin toss.