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Range Resources Ltd Share Chat (RRL)



Share Price: 0.495Bid: 0.48Ask: 0.51Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.03Spread as %: 6.25%Open: 0.45High: 0.51Low: 0.45Yesterday’s Close: 0.495



Share Discussion for Range Resources Ltd


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Celticheart
Posts: 9,424
Observation
Opinion:Strong Buy
Price:0.55
Malcy's Blog
22 Apr '16
Oil price
Who woulda guessed, five days after the Doha disaster the oil price, despite falling yesterday, is likely to end up the best part of five bucks up on the week? This morning the new June WTI contract is around $44 and Brent is dead on $45, this is despite a strong greenback and handbags about production levels from Russia, Saudi Arabia and Libya. All those countries have said that they will up their production but may not be able to deliver. Most experts tell me that not only is Russia flat out already but the sanctions that prohibit US service companies from assisting their further growth remain in place thus holding or even eroding production. The Saudis could of course ramp up production but with summer approaching unless they do, domestic demand for power generation will take away valuable export barrels. As for Libya it is indeed the dark horse here but I remain unconvinced that there is an imminent increase in supplies available at least in the short term. Finally the team over at the Vampire Squids have said that oil prices must fall in the short term and dont forget that they have a $20 low to achieve…
 
jeffry
Posts: 2,917
Off Topic
Opinion:No Opinion
Price:0.55
RE: so what changed
22 Apr '16
good point. we need some consolidation before next leg up imho
jeffry
Posts: 2,917
Off Topic
Opinion:No Opinion
Price:0.55
RE: so what changed
22 Apr '16
good point. we need some consolidation before next leg up imho
bountyman
Posts: 1,412
Off Topic
Opinion:No Opinion
Price:0.55
View Thread (2)
RE: so what changed
22 Apr '16
Too much too soon simply put - some profit taking in my opinion.

A close above 0.5p is a good finish for me with a nice shiny RNS early next week to push on.

If I was DC, I would await the legs on the rise to slow/stop and then give some good move to get up to the 0.8p - 1p level.

Happy to be in profit for a change.

KRO
jeffry
Posts: 2,917
Off Topic
Opinion:No Opinion
Price:0.55
so what changed
22 Apr '16
from today and yesterday? why the drop?
Sanchez57
Posts: 1,099
Off Topic
Opinion:No Opinion
Price:0.55
RE: Shame about IOP
22 Apr '16
Probably, Anders, and I'll take your word as I don't go that far with Range, I'm glad to say!. My comment related to a forced marriage on our part to a mafia set up wedding, lol.

Good to see us hopefully way beyond our toxic tag. All about ROI and cost control and even STOW certified. ;)
Anders007
Posts: 87
Off Topic
Opinion:No Opinion
Price:0.55
RE: Shame about IOP
22 Apr '16
The Russian bride comments were originally from JR or Megaoil from a few years ago...it got me wondering if IOP had been a potential suitor for a while. Anyway it all turned to shyite

Reckon 1p is back on the cards near term so I'll hold for that - mcap at this level is irrelevant.
Sanchez57
Posts: 1,099
Off Topic
Opinion:No Opinion
Price:0.55
RE: Price rise
22 Apr '16
Well look at the spread now. Not pretty. Pondered buying more @ 0.529 and then it shot up, so i'm blaming Celtic ! ; )

Big trade just before it , sigh.

11:37 - 22/04 Buy 943574 0.53p £5,000.00
Celticheart
Posts: 9,424
Observation
Opinion:Strong Buy
Price:0.55
Inevitable
22 Apr '16
It is inevitable that some short term traders will bank profits but there are a lot more long term holders who will just sit and wait on the sidelines me included. Apart from anything else, many of those selling today will buy back to try and get another bite of the cherry on the next step of our rise, I still think this will continue its rise later in the day.
Dreamboatwarrior
Posts: 3,758
Off Topic
Opinion:No Opinion
Price:0.55
Price rise
22 Apr '16
A pull back of sorts was almost inevitable given the speed of the rise and the lack of news behind it .... I am very hopeful of some decent numbers from 250 in the next few days




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