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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (31286)	8/17/2017 8:40:05 AM
From: Goose94	Read Replies (1) of 203582

RMP Energy (RMP-T) Raymond James analyst Kurt Molnar says multiple questions linger following the second quarter financial results for RMP Energy who suggests its "equity value" has taken a significant hit. Predicting a harsh reaction from the Street, Mr. Molnar downgraded the stock to "underperform" from "market perform." Mr. Molnar dropped his share target to 40 cents from 60 cents. Analysts on average target the shares at 80 cents. Mr. Molnar says in a note: "We note that RMP has a large land position at Elmworth (80+ sections) offset by neighbors enjoying success with the drillbit. This frankly means that the RMP business plan does have options available as even raw land in this neighborhood is valued by others and having more than one interested party offers RMP the potential for gaining some bid tension should they choose to seek value in their lands. But in the immediate context, we are left to judge value and recommendation based on total capital likely available, and the likely return on capital going forward, if recent well news is the norm."

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