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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 akjmi2015on Jul 20, 2015 4:54pm
189 Views
Post# 23942308

Better to catch falling knife than catching flying knife

Better to catch falling knife than catching flying knifeLoss for longs from here, considering worst case condition of bankruptcy is only $1.85 per share. Whereas, in flying knife conditions, the share price may go to $8 as RMP is almost debt-free, lowest cost producer, with minimum overhead. What is flying knife? it happens when a buy out is imminent which is very possible at this price. At this circumstances, the shorts will lose at least $5 - $6 per share as they will be crazy to catch the FLYING knife. The flying knife will be able to cut the shorts from any direction. Many of the shorts go bankrupt as loss may reach infinity.
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