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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 viennaon Jul 26, 2015 12:09pm
236 Views
Post# 23960913

RE:Investor Relations (IR)

RE:Investor Relations (IR)I'm having a real hard time understanding why we are priced at these levels. I bought in around $3 thinking it was cheap then based on its fundamentals and metric vs peers. But it all started to go downhill when it was delisted from the composite index after that it just so happens to be a triple whammy with Iran, Greek and China worries, now glut issues. I think there are still funds liquidating that are following the index and shorts are taking advantage of this. Cramer from mad money talks about how it does happen in this clip: https://www.cnbc.com/2015/07/23/cramer-perfect-oil-stocks-to-buy-right-now.html I'm hoping all the liquidating will be done in the next 3 weeks before Q2 release scheduled for Aug 13. If Q2 comes out positive with company reaffirming guidance and additional hedges I think this will bounce back over $2 even with oil going South. The expectation for this stock is so low right now and totally out of touch with reality that any positive will send this stock back up.
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