Post by
gharibm on Jul 30, 2015 9:35pm
Buy out!
I think management is going to concentrate on growing the company. Most of insider equity is in the form of stock options. Insiders have 10.3 million options with an average exercise price of $4.55. They are in no hurry to sell and neither am I. I bet you they are having fun being one of the lowest cost producers and will continue doing that until their stock options at least double in price. This is my humble opinion.
Happy investing!
Comment by
Jonesing on Jul 30, 2015 11:48pm
I just came from a stock with a company who's insiders had almost double the sp price sale of the company in equity. They also had no debt and cash in the bank. They were looking strong to suceed. But you just never know what can happen. If oil doesn't break back over 50 for a good time anything is possible.
Comment by
Jonesing on Jul 31, 2015 4:13pm
Glad to generate some discussion. I hope this makes vienna feel a little better about her investment. Always good to hear why we all invested in RPM in the first place.
Comment by
robt1234 on Aug 01, 2015 12:35pm
They could buy up all the shares and cancel them with the next five months of free cash flow with the price of oil staying where it is. Their projections are always conservative - like last quarter $48 oil which was exceeded by about $10.... Any idea when they will get an auditor to assess the 2P reserves??
Comment by
SigmaKappa on Aug 01, 2015 4:53pm
Auditor doesn't assess reserves, usually a company like glj, sproule or McDaniels.
Comment by
robt1234 on Aug 02, 2015 2:47am
An engineering firm does an audit and technical analysis. They are not public accountants.