RE:RE:RE:FirstEnergy - RMP Introductory Presentation Unlike Striker (Belly River) and Rock (mainly Heavy oil plus some Viking), RMP is in the Montney, one of the top gas and liquids shales in North America. I have a list of 17 Montney producers with most trading close to 52 weeks high, i.e. CR, NVA, TOU, VII, PPY, ARX, AAV, BIR etc.
Not to get too exited about RMP, I used a very conservative value for producing Ante Creek and Waskahigan assets (Q2: ~7,090 boe/d, ~48% oil and NGL's). I had Zero value for Ante Creek's 74 sections Duvernay, small value for Gold Creek and very small value for Keybob, Pine Creek and other assets.
The end result is a conservative range between $1.05 and $1.30. There is always a chance, there will be several motivated bidders with deep pockets but even in the worse case scenario, I think it is safe to accumulate this thing at 0.95 or less.