RMP ENERGY INC T.RMP

Tell me why not to buy

[ElmerFudd12]

Hello:

Looking at RMP and it appears to be a good stock that is on sale. Pretty good at performing my dd, but wanted to give an opportunity for people to tell me why this stock is a bad investment.

Please know I don't care about the price of oil, that is outside the control of any Oil Company. Opec will not change my mind one way or the other in terms of long term investments.

I do ask for civility and for longs, we are talking about a stock. Not yours kids or family. My goal is to purchase shares next week and more shares a month later unless convinced otherwise or my research turns up something. How many shares? I am a small, small investor, will not budge the needle.

Thanks, Elmer Fudd

[AsYourLawyer]

Rmp is a great company, there is no doubting that. My advice is to wait, this is going to go lower. Brent + WTI are going to go down, they say Brent will get to $60 per barrel. While that MAY not happen, it is definitely heading TOWARDS $60, so regardless, it's not the time to buy yet. Be patient.

[Winnipeg40]

You might be right..Illogical markets. RMP is a gas weighted stock..prices significantly higher than a year ago but the share price is lower now. However, oil is really only down $4 bucks a barrel for western select...MAKES FOR LONGER TERM OPPORTUNITIES

[kmilne]

about 56% oil.

[Curvature]

This post has been removed in accordance with Community Policy

[JackDeeValentin]

hmmm.....WCS is trading at a $17/bbl discount to WTI; so if  WTI is $68 then WCS is $51/bbl --- WCS is down from over $90/bbl this past Spring RMP is oil weighted 3Q production: 7300 bbls/d liquids and 5700 boe/d nat gas ---- more than 50% of nat gas is solution gas from oil production --- most of their netback and cash flows is from oil production -- haven't drilled a gas well in

[righand2]

Well, that is just a bunch of incorrect numbers. WCS trades at a $20C discount to WTI, but first you have to convert the WTI price to C$

[ElmerFudd12]

Thanks for all the insights and great advice. I did.....take it. Today I made my first purchase of 500 shares and plan on doing that 3 more times. Now the question is if I can maintain discipline and spread out my purchases over the next 6 weeks just to see how things shake out in terms of oil prices. If the stock were to get hit hard again, I would probably buy the rest of the shares at that

[AsYourLawyer]

Playing the stock market requires patience, and it is something you will learn in time. Personally I wouldn't buy any shares of RMP yet as there is still lots of potential for downside (Currently WTI@ 66.25 range and Brent@ 69.00). You need to choose a target, and then wait until it gets there and make your move. We are still looking for WTI to be at around or below $60 mark, and even