RE:RE:RE:Inverted Hammer July 2
Is this a 12 month target or like the TD analyst reported here who said it is near the bottom but could continue down to $2? That is a short term technical evaluation which can be explained in the absence of news, the removal from indexes, and funds as a result... We all know how momentum overshoots and I think that has been going on alongside the drop in oil even though the company projection is for far lower oil prices while paying down debt by $25 Million this quarter. The update we soon will have will show higher realized prices than the projection and thus higher cash available than projected. ... If they are talking about RMP having a long term target under $2 they must think the market will be headed for a new reality where companies can buy all issued shares with two years or less of free cash flow.