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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 blackgold909on Aug 31, 2016 9:03pm
468 Views
Post# 25197692

Risk/ Reward, looks good to me.

Risk/ Reward, looks good to me.
Read this summary from an institutional note from the street.... I think this guy gets it.
** RMP Energy (RMP CN) – this is getting stupid.  So lets be negative.  What could this thing be worth.  $30m of infrastructure…call it $20m.  70 sections at Gold Creek (Montney)…cut it in half in case there’s moose pasture concerns…throw in recent acreage sales as a comp then round down…$30m.  Give zero value for Waskahegan or Ante Creek lands.  Give only $25k/flowing for their already declined 8kboepd…so $200m.  Subtract $100m of debt and $20m for any contingent take or pay liabilities.  This draconian outcome, gives you our downside of $0.87/sh, aka 5% from here.  The upside, for a sales process which has a data room busier than Walt Disney World on free turkey leg day, could see a bid of 30% - 50% upside…all within the next two months.  

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