Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 ditchdigger251on Mar 04, 2017 1:02pm
362 Views
Post# 25931868

CKE Becoming Analyst Darling?

CKE Becoming Analyst Darling?Here's a story on Chinook Energy I wanted to share:

https://seekingalpha.com/article/4051519-chinook-energy-free-last-montney-growth-engine-begins-bargain-valuation

Now a debt free company with 6000-ish boe/d prod'n (est. ~1500 boed oil & ngls) with analysts starting to take notice of value potential (targets are averaging $0.62 right now).  They have ~216 million shares outstanding (RMP's ~151 million) and trading at $0.32.  CKE drilled no wells in 2016 but have some good Montney production.

So why show this?  Well RMP bought CKE out of Gold Creek including valuable infrastructure (try doing that now...).  CKE appears to be focusing on their predominately gas weight'd Montney assets (type curve is like 6 bcf/well @ 34 bbl/mmcf liquids yield) and analysts are giving them a target double the current trading price.  With the much more liquids rich Gold Creek Montney with 3 wells drilled AND already operational infrastructure it shouldn't be hard to attract similar optimism to RMP's near future valuation.
<< Previous
Bullboard Posts
Next >>