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RMP ENERGY INC T.RMP

"Iron Bridge Resources Inc, formerly RMP Energy Inc is a crude oil and natural gas company engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids in Western Canada."


TSX:RMP - Post by User

Post by George98on Aug 09, 2016 5:04pm
321 Views
Post# 25124096

Very good article about RMP and its sale

Very good article about RMP and its saleSeeking Alpha published an article about RMP today and the author notes that RMP will not get more than $1.10 per share primarily because RMP is a distressed seller as a result of the fact that the banks have reduced RMP's borrowing base at $100 million.

The comments in that article are also very interesting and insightful.

I wish best of luck to RMP shareholders but I think the upside from the current levels is limited and the author is right.

The link from the article is below


https://seekingalpha.com/article/3997277-rmp-energy-sale-will-shareholders-benefit-sale



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