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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

Comment by Seppelton Feb 17, 2017 4:57pm
213 Views
Post# 25863644

RE:RE:RE:Asks are being slowly taken out

RE:RE:RE:Asks are being slowly taken out
pablo...
They could have sold Kaybob and Pine Creek a few months ago when AECO was $3+ and gas producers were adding rigs betting on a cold winter.
Corporate production would go down to a shameful 2,500 boe/d (about), but liquids weight would go up to 45%. They probably didn't care or thought of adding Gold Creek production first and then selling gas assets. 
Now it may not be the best time. We are in a second consecutive warm winter and with Rover on the horizon AECO differentials may stay wide for a long time. Not many willing buyers of dry gas assets, but still can be sold for a few tokens.
 
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