Post by
moongrove on Aug 15, 2016 6:51pm
Financing Options - Buyout/Asset sales opportunities
There is a very good chance this company will get either get sold, or sell assets like Penn West ended up doing. A sale or any sort of strategic financing to mitigate the present situation will greatly appreciate this stock price. My suggestion is to hold on and see what happens in the coming weeks. See below for what I was talking about from the earnings report. Good luck to the longs!
From today's earnings release "RMP has engaged FirstEnergy Capital Corp. ("FirstEnergy") and Scotia Waterous Inc. as co-advisors to assist the Company to evaluate, develop and recommend one or more strategic initiatives necessary to maximize shareholder value and 'unlock' the intrinsic value of RMP's assets. This may include, among other alternatives, the addition of capital to further develop the potential of the assets, the sale of the Company or a portion of the Company's assets, a merger, farm-in or joint venture, or other such options as may be determined by the Company's Board of Directors (the "Board") to be in the best interests of the Company and its shareholders."
Comment by
Baird007 on Aug 15, 2016 8:54pm
I agree they only own 100mil to the bank sell 50mil of assets and should see this stock rise