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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 UppersDownerson Jul 03, 2015 5:17pm
156 Views
Post# 23890770

Bottom In??

Bottom In??we lost 10% of our value this week when most thought we would grind higher. But of course who would have thought oil would drop $7 a barrel in a short time. One of the worst weeks for oil in months according to BNN. Ever since the NDP election in Alberta and getting booted out of a few indexes and now the slide in oil we have had it all. What else could happen? Old Jim Cramer said that once a stock goes down it can keep going down for many reasons. The thing with RMP is that we are a solid company with low debt,good production and good management and yet we set new lows daily or weekly. I have a hard time believing that we will go to $2.00 but it seems that powers to be want it to happen. It is about time management steps up to buy a ton of shares to show support or come out with an article saying all is good and actually better then normal. I talked to management and they said all is good with production and with the mix between oil and gas as Nuttal said we are more gassy then expected and management said all is normal. Management is not worried and stated that they have most of their money invested in RMP as well.  What will next week bring? I bet we are higher next Friday then this Friday. Any bets?
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