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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 > Feel like a puppet?
View:
Post by easindown on May 29, 2015 1:33pm

Feel like a puppet?

High volume today. Mr. & Mrs Goldman trading shares across the breakfast table.
Comment by Ellesse on May 29, 2015 1:50pm
Very strange trading day for RMP..... OIL just bounced back $60.00 level today and RMP is almost flat....
Comment by MustangMatt on May 29, 2015 2:19pm
I get very uncomfortable on days like today.  Logic is absent from this action.  How can a $3 dollar move in oil today +-5% have no effect?    Watching the trading 065. has there hands all over this.  Makes me feel very uncomfortable when the big US houses mess around like this.  Why is the SP being held under $3 the last 3 days?  Can't blame the Alberta ...more  
Comment by JethroBodine123 on May 29, 2015 2:41pm
It has the feel of the price being held down, I've seen it many times before when companies were in play. You don't want to pay more than you have to if your planning to aquire someone, so you try to put a lid on the price. Otherwise, if a fund is in the process of selling part or all of their position they are doing it in a way which is stifling the price. They would be better off letting ...more  
Comment by minerman77 on May 29, 2015 2:42pm
I agree-there is something funny going on here-illogical and disturbing.there must be something going on or some fact that we are not aware of to explain this behaviour-it makes no sense.is it being manipulated?perhaps a buyout coming?i'm lost for an explanation 
Comment by MustangMatt on May 29, 2015 2:54pm
Volume precedes price movement, but movement in an up or down direction?  The last few days look like a secondary offering to me.  If the company is in play, often an acquirer will begin to accumulate at least some position in the company.  It is hard to hold down a share price you are accumulating, I would think.  Often, in these cases I am the last to know what others new ...more  
Comment by RusticHit on May 29, 2015 3:33pm
Only Red in sector i can see right now is RMP so much on ask telling the story ,it is not in play ,if its in play it would have gone up 20% ALgos would have loaded it up ,Look like Financing coming 
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