BNN Interview of RMP at First Energy Growth ConferenceHere's a link to the BNN interview of RMP's CEO Rob Colcleugh earlier today. Rob believes that their Elmworth Montney is one of the most exciting assets in the basin with economics that competes on an IRR% basis with anything in the Permian. Rob confirmed the $5.7million per well cost. He also was asked about Raymond James' scathing "underperform" rating where he responded by saying pretty much everyone else on the street is quite positive on RMP's future (including Eight Capital who re-iterated a $1.00 buy rating). Also they discussed RMP's lands being sandwiched between Hammerhead (formerly CIOOC) and Velvet where there's been "remarkable results" which might very well bring an offer. Rob said at the right price an offer would be entertained whether it's from offset competitors or someone else. The high quality of the team coming from Tourmaline was also complimented by Rob who said that the asset had to be "very very special" to attract such talent.
https://www.bnn.ca/video/rmp-energy-more-focused-on-montney-after-asset-sales~1261056
Personally I've been burned enough by Raymond James' crack stock evaluations to know that they can be flat wrong. When RJ is the only negative nellie in the group I do wonder about motive.
So next Tuesday is when RMP is no more and IBR begins...