Post by
B2Invest on Jul 08, 2015 11:18am
Very optimistic about RMP energy, great buying opportunity
The next scheduled news release is slated for August 14th, when RMP reports their second quarter 2015 results. The numbers should be a big surprise in my opinion considersing company being profitable at current oil prices in low 50s.
RMP is a one of the best quality oil companies out there.
Also, I'm confident that there are major discussions on take over since valuation is extremely low and at any moment we could hear a takeover action. As a result, either great Q2 numbers, or a take over (at a much higher price) than current share prices would encourage investors to load up on this great opportunity.
Comment by
minerman77 on Jul 08, 2015 12:33pm
There once again appears to be a concerted effort to keep the s/p down as selling pressure after a one day break has resumed -why?who would sell at a loss is it to keep down for buyout,simply market conditions with regard to oil,shortened -what??
Comment by
B2Invest on Jul 08, 2015 12:39pm
The volume is lower than normal. I believe these are day traders and small retail investors selling at these low prices. Also there is an uncertainty in the market, and some are selling out of panic due to possible recession.