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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 31, 2015 2:42am
143 Views
Post# 23978815

RE:RE:RE:RE:RE:RE:THIS IS A BOUNCE BACK!!!!

RE:RE:RE:RE:RE:RE:THIS IS A BOUNCE BACK!!!! I don't know what the breaking point for RMP is but it's not $50. It's much lower. They can fund all their growth this year all from operations and pay off some debt with $49.75 WTI. My only concern about low oil is if stays in the $40's, RMP is likely to reduce cap-ex again, reducing their growth potential because management is well disciplined and does not over spend. I'm most excited about their water flood technique being implemented in Q1 next year and the new land they've been acquiring.
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