low volume.Volume has been low on this name for a few weeks now, you have to go back to the beginning of the month to find an average volume day. Less than 200k by lunch today. I would love to know why mangement does not buy in if the have the faith? Management should put a few million into the commons if they think they have a winner here.
Sure is looking like an investor could buy some of the higher quality names in the sector ( survivors) over the next few months, tuck them away for a few years and come back to them.
If you believe oil will come back one day, and this is not a C change to some other product, picking the winners will make some folks millions or in this day and age the big boys billions.
From my perspective, this oil price crash is similar to those over the last 35 years. I believe in the last 35 years oil prices have halved or more 5 times, and eventually moved higher. What I do not know is how low oil goes or for how long. What I can say is, there will be plenty of pain and a substantial thinning of the heard if the Banks pull the plug on credit lines.
If prices even, average $60.00 in 2016 these jr's RMP, RE, SPE, are going to have more torque to this than the big names like the integrated Suncors etc.
A company like MEG is interesting, huge reserves, and big debt to go with it. Biq torque to any assets sales, or oil price recovery in my opinion.
At the end of the day you have got big risk, reward, with names like RMP, however, at these prices isn't RMP a buy if we believe they will be in business 2 or 3 years from now? Cheers Matthew