RMP ENERGY INC T.RMP

Wow, this is getting ridiculous

[99999gold]

am glad I got out of the way at mid 7s. But I'm keeping an eye on this very closely and buy a truckload when this bloodbath is over.

[Roberto8024]

and what price do you feel the bloodbath will be over at?

[AsYourLawyer]

I would assume that really depends on how low oil prices go. Taking a complete stab in the dark I would guess anywhere from $2 - $3.50-ish.

[99999gold]

that's quite a stab in the dark and buzz cut from here. 

[AsYourLawyer]

Indeed... the way I see it is there are no green days in the near future at all for most oil companies. The market is in a huge state of panic, and this could get ugly fast. If the trend continues at this rate, roughly -2% - -3% per day, at this SP equates to -11 to -16 cents per day, and thats mostly generous. It would only take a week to lose -0.55 - -0.80. At this pace, seeing an sp of $2-$3

[EtownOil]

I think you need to take into account the upcoming quarterly report. Despite the price of oil, RMP will have another great quarter of free cash flow and will likely increase projected production for the year. I don't think that the sp could go as low as you suggest. As soon as their is a hint of a bottom, many investors will be racing to buy back their shares. Only time will tell.

[AsYourLawyer]

I haven't taken in the quarterly report. If the market is in the gutter it will be ultimately irrelevant (in my opinion) or at least will have little effect for the near future. Perhaps my estimate of $2 is very low and would be hard to see, but I could definitely see a bottom of $3.50, I don't think it's out of this world. Today there is a nice little bounce.