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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 ditchdigger251on Nov 11, 2017 7:06pm
166 Views
Post# 26946199

RE:RMP's valuation (per Montney acre and per boepd)

RE:RMP's valuation (per Montney acre and per boepd)SF, are you sure you're not double dipping on valuing based only on BOED's or Montney net land?  Shouldn't Enterprise Value contain a mix of the two together?  Using your post's numbers and assuming a Montney land value of $1500/ha (~$600/acre which should be reasonable if not conservative given the area's high activity) the value of the production is roughly $28.5M/boed.  I'm not sure on the market's Enterprise Value Estimate given the current $120MM market cap @ $0.77 sp but I think even if your number's high it's not far off.  Given oil's rise to near $57 and gas now over $3.20-ish with higher quality assets than what was sold off at Waskahigan (Sep 1st oil was ~$47 and gas ~$2.90) should anyone be surprised by the move up in sp and slightly higher valuation in production from the $25M/boed Waskahigan deal?
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