Post by
EtownOil on May 29, 2018 3:03pm
A New Hope
I have been in RMP/IBR since 2013. First started buying around $3, then really loaded up around $5. Watched as we went to $10, then didn't pull the trigger as we went into free fall. After 3 - 4 years of being kicked in the gut over and over, things finally seem to be turning around. The new management team seem really aligned with building shareholder value without diluting our shares. I am in deeper than I would like to admit, and need over $2 to get my money back. For the first time in several years, I am optimistic about IBR and the direction we are headed. I couldn't help but call Kingsdale Advisors this morning and ask them why I should sell them my shares for $0.75 when I could sell on the market for $0.78 (I have no intention on selling anytime soon). The lady on the phone was courteous, but could only repeat Velvet's information they provided when they made the initial offer. I am looking forward to IBR developing their land and turning this thing around. Oil is up, Trans Mountain is a go, and we are sitting on the best play in Canada. Between myself and my 2 colleagues, we own over 1% of the company. With the board and the 2 major investors owning 30% of the company and committed to building shareholder value by developing the land, a hostile take over is extremely unlikely to happen. I look forward to hearing IBR's plan to secure funding without diluting our shares. It would be nice to cash in on our Tangled Creek investment if that were an option. Having our 2 new wells making money as we speak can't hurt either. Good luck to everyone, especially those who have stuck with this company through thick and thin. Better days are coming!
Comment by
PinnacleX on May 30, 2018 2:02am
This post has been removed in accordance with Community Policy
Comment by
EtownOil on May 30, 2018 11:48am
Yes, unfortunately instead of getting out while I was ahead, I held on until I was way behind...We'll see how much they can turn this thing around.