RMP ENERGY INC T.RMP

Profitable

[minerman77]

Does anyone know what oil price RMP requires for profitability

[akjmi2015]

Oil CAD 50 is the break even for them. RMP is 50% gas and 50% oil. They need USD2.5 for NG to beak even. I hope they already repaid 50% of their debt in 2nd quarter as oil was more than CAD 70.

[JackDeeValentin]

page 7 of their most recent budget (based off $49.75 oil, $2.75 nat gas) https://www.rmpenergyinc.com/uploads/presentations/RMP_Energy_Inc_-_EPAC_Showcase_presentation_-_June_10_2015.pdf

[MustangMatt]

A budget that calls for 10% growth too don't forget.  Friday RMP closed $2.02 the low for the as of when I typed this is $1.66.  So a difference of .36 cents -17.82% decline The price of oil Monday $51.00 now $48.00 = $3 difference or 5.88% So the shareprice has fallen 3x as much as the commodity, does this seem rational? For all you math people out there I would love to see a

[minerman77]

Thanks for the response but it doesn't tell us what their point of profitability begins but more what they have budgeted for -is there a difference,I think so and hope so