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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 foolandhermoneyon Jun 24, 2015 5:17pm
246 Views
Post# 23865351

Agreed!

Agreed!I couldn't agree more! The only time you can make serious money investing is when you recognize the potential value of a company at a time others are questioning it.The fundamentals are incredibly sound and the team running it knows what they are doing.

As Buffett says, "The best time to buy is when there is blood on the streets" That is where we are at and unfortunately it may get bloodier yet. This is a buying opportunity. The current share price is more reflective of traders who buy stocks and not investors who buy companies. There is a lot of borrowed money exchanging hands and panic and stop losses definitely plays a role. I have not found a single analysis or write up about RMP that would lead me to believe I should sell my interest in this company. Quite the opposite actually, everything I read indicates this is a great place to park some money and watch it grow.

Investors such as myself have to have nerves of steel to be able to sit tight and watch the market noise play out without letting emotions get in the way. I have been liquidating some of my smaller companies and investing in RMP.  I personally have a lot of money riding on RMP but if the bank just reaffirmed a revolving credit facility of $175 million, I am good with that.
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