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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 Resilienceon Feb 18, 2017 5:30am
264 Views
Post# 25864931

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

RE:RE:RE:RE:RE:Asks are being slowly taken outDon't be nuts - there's ~ 10 mln 2P reserves involved and about 12% is liquids + it has facilities on it so everything is half cycle. Even at $ 2 per barrel that would be $ 20 mln with the facilities thrown in for free.  

They'd be nuts to sell it for $ 5 mln = capital destruction.

I know for a fact they would sell at the right price but are not motivated to sell at these prices. 

As long as it's positive cashflow they should hang on to it and wait for better gas times and a decent offer.

R. 
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