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Bullboard - Stock Discussion Forum RMP ENERGY INC T.RMP

"Iron Bridge Resources Inc, formerly RMP Energy Inc is a crude oil and natural gas company engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids in Western Canada."

TSX:RMP - Post Discussion

RMP ENERGY INC > Financing Options - Buyout/Asset sales opportunities
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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
Comment by Seppelt on Aug 15, 2016 9:53pm
Selling Kaybob would get them off the hook, then hope for higher oil and gas prices to generate some cash to spend on core properties, enough to maintain production or even grow 5-10%. The best option, I hope, is sale to a larger company which can develop the assets at a much faster pace. A company like Arc, which is active in Ante Creek, would probably be interested. As far as risk is concerned ...more