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Bullboard - Stock Discussion Forum 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 Discussion

RMP ENERGY INC > share price
View:
Post by egee on Dec 12, 2014 2:46pm

share price

Yes this does look like a capitulation of shares, however, not in my wildest dreams did I think
this stock would be available at these levels.  An opportunity comes along like this, once or twice a cycle.
Comment by MBertolli on Dec 12, 2014 2:54pm
It seems to me like the market does not like the idea of maintaining the capex budget for 2015 and would have prefered or was expecting a cut. 
Comment by egee on Dec 12, 2014 3:23pm
RMP is structured as a growth company.  Profitablity has not, ever been questioned at least not until now.  But even then it remains positive even at lower oil prices.  Ferguson and company appear the 2015 cap ex will not alter the fundumentals of the company unless of course this trend drags into 2016 and further.  The market is spooked for sure and fund managers must be ...more  
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