RE:Problem is
I'm glad JackDee is not running RMP. He's obviously not very bright. Anyone who knows even a little bit of business/economics/investing knows better. I think the CEO is doing the appropriate things. Though he could promote it a little better. Oil is cyclical, as it always has been. While prices are still relatively low, its obvious that one should buy land on the cheap to increase inventories. With decreased demand of services (piping infrastructure) due to the low oil price, the pricing of services are also at a discount. When oil prices rise (maybe not to over $100), this money will have been well spent. As for the steep decline rates of RMP, well yeah, that's to be expected. RMP has some of the most prolific wells, and the more prolific they are, the quicker they will decline. RMP has amongst the lowest production cost per boe in the industry. And low production cost per boe is King. It is the major indicator of the efficiency and effectiveness of the company, as well as the value of the land/inventory. Just added another 20K today at 1.12. What a great deal.