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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 > The Beginning Of A Bottom?
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Post by UppersDowners on Jun 24, 2015 2:19pm

The Beginning Of A Bottom?

but where is the bottom. I emailed management and they stated that operationally all is fine and they can not control the markets. To me it looks as if people are getting tired of RMP and there are better places to put your money. Sell in May and go away plays a role also. Not to sure what will turn us around but in the meantime we might go to the $2.50's or lower
Comment by robt1234 on Jun 24, 2015 2:46pm
They can't control the markets but they can explain why RMP was taken out of the indexes can't they? Maybe that too is beyond their control - I don't know if it was in reference to the composite. But even if they can't affect how hedge fund people do HFT short squeezing to drive stocks down - they could tell you why you should not worry. They could also have a news release updating ...more  
Comment by borne2run on Jun 24, 2015 2:58pm
!.  S&P never discloses why a company is removed from an index (probably due to a low market cap). 2.  Some funds must now liquidate their positions because RMP is no longer in the composite index. 3.  Month end and quarter end portfolio and fund re-balancing is also a negative.
Comment by UppersDowners on Jun 24, 2015 3:18pm
All I know is someone wants out and everytime the ask is huge it is blown out and going lower. Maybe at the end of the day a buyer will come forward to push us up. Otherwise we will see the $2.50's this week.
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