Post by
JackDeeValentin on Jun 24, 2015 8:13pm
From GMP Research/Sales late afternoon comment
To: SALES; TRADERS; Calgary Research; Corporate - Calgary
Subject: RMP
I've had a number of questions on RMP in the last 15 mins about a potential Q2 production miss. Pardon the brief response (out of the office) right now, so this is on Blackberry.
Will RMP miss Q2?
Street consensus has them at 14,000 boe/d. Our production pull for April has them at 14,800 boe/d, so comfortably above. Production should settle from here over May and June due to break-up, but with a 14,800 boe/d average in April hitting consensus looks likely.
Now...the obvious TCPL caveat
TCPL restrictions and impact on gas pricing are causing havoc everywhere. RMP currently has 1,500 boe/d offline due to this (and did through much of April).
If they do miss as a result of these issues becoming acute, keep in mind this is extremely low margin production at current gas prices. Cash flow impact would be negligible.
Co-incidentally I met with RMP today for an ops update. Business sounds on track, but keep in mind we're coming out of break-up. Not much occurred anywhere during Q2.
Bottom line - I don't see Q2 blow up occurring
Comment by
Ellesse on Jun 25, 2015 9:19am
Sometime... It's just simply manipulated.... They will try to push the stock drop below $2.50 and the take over might happen at $4.00 - $4.50 on this oil market condition.