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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

Comment by MetalsKingon Jul 24, 2015 11:58am
136 Views
Post# 23956993

RE:Ask your self

RE:Ask your self3 months ago the FCG oil and gas etf traded above 12, now it's at 7.13, a 42% collapse in 3 months, the entire sector has gotten smashed and has gone to lower lows, RMP IMO is a survivor but the longer crude/gas stay down here the more damage will be done to the heavily indebted companies as their hedges keep coming off, this frankly is more bullish for the long term but a lot more painful for the short term, as I said I believe RMP is a survivor and will prosper long term assuming oil/gas prices eventually recover, just my take

MK
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