RE:Better Hold $1.00 Look -- shares can go anywhere in the near term as sentiment is terrible for the E&P sector with most institutions looking to buy debt and very few buyers of equity right now
Many of the midcaps and small caps will go under (or get close to) due to high debt loads, higher costs, and limited access to liquidity (everyone's capX budget migrates to operating cash flow and production for those names collapse; any overleveraged name telling investors they'll keep production is flat with a fraction of historical capital is full of it) -- Penn West is a good example of a forthcoming 2016 production collapse; Sanchez Energy one that is claiming flat production with lower capital expenditures and just two examples of many more in North America
I've done analysis on over 100 public E&Ps over the past decade and although not the best, RMP is in the top 5%, a survivor and has many favorable characteristics (outside of horrible share price performance and IR). Particularly so when compared to most peers.
So they could sell out today and shareholders would get a quick $3-$5 (not bad) or ride this out and return to $3-$7 over time as the industry goes through a painful cyclye ultimately creating a bit better or much better commodity price environment due to forced supply cuts.
The negative of riding it out with RMP is where the shares trade during the interim period since no institution wants to by the equity of names like this in the current environment and that could persist for 3, 6, or 9 months. But a large majority of RMP's peers (US and Canada) face major challenges which foreshadow a natural process that will definitely cause a collapse in North American oil supply.
As a high quality survivor, RMP should probably be added to on further weakness if you have a reasonable long term horizon.
But I've been wrong on this name so far (thought it was very cheap at $2.50) and the extreme weakness, and extreme valuation discount (relative to peers) have been very frustrating.