RE:RE:Share price and mgmt crisisInventory concerns have been front and center -- but relative to their EV these guys have a large inventory of Ante Creek and Waskahigan locations -- the Gold Creek Montney additions (if verified) would be huge (think CIOC wells)
There have been concerns over high gas to oil at Ante Creek
These concerns are justified but just way over discounted in share price
RMP had the #1 and #3 IPs of all wells drilled in August -- so although not the monster wells initially coming from Ante Creek, these guys are best in class
No credit for balance sheet, high net backs and low operating costs -- no credit for a material improvement in Waskahigan production rates
Very few (almost all) small and midcap names can maintain production at current commodity prices -- these guys can
the operating leverage to modestly higher prices is material
the material share price fall has been recent (last 3 months) so it may take some time for activism and strategic initiatives
but of all the companies out there -- this one is most ripe