RE:Very optimistic about RMP energy, great buying opportunity
Last quarter they reported a production update before financials. Altacorp and another analyst said (10 days ago) that a production update answering questions about a new core area purchase program will be out in a week or two - thus soon. That will be in line with what they did last quarter. Altacorp (see post by JackdeValenti(sp) said their numbers are always conservative and with rising realized pricing we can expect more free cash flow than the $25.6 last quarter.... They could buy back the total shares out there in two years from cash flow even if there is no increased production - which they also conservatively said would increase by 15%. This analyst said he talked to the company and if the update says what they said - it is the best value stock in the sector.