AltaCorp comment from today
"RMP - We are reducing our rating on RMP from Outperform to Sector Perform at this time, with a reduction in our target to $1.50 from $1.80. While the company has a reasonable balance sheet and low costs, we are reducing our PDP + Risked Upside multiple from 1.0x to 0.8x, more in-line with RMP’s junior Montney peers to reflect a degree of conservatism"
lowest EV/EBITDA, 3 of the top wells in Alberta based on YTD cumulative production (all drilled and completed in 2015) and large inventory and land position in some of the most economic Montney regions
hmmmmm..............
why has this been a terrible stock with the lowest valuation in the sector?