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Range Resources Ltd Share Chat (RRL)



Share Price: 1.585Bid: 1.52Ask: 1.65Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.13Spread as %: 8.55%Open: 1.55High: 1.585Low: 1.52Yesterday’s Close: 1.585


Share Discussion for Range Res. (RRL)


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Celticheart
Posts: 5,360
Observation
Opinion:Strong Buy
Price:1.61
Rexco
Wed 20:59
Yep, the old double negative :) For the record Leonardo Pisano, also known as Fibonacci was the Italian mathematician who introduced "The Golden Section" also called "The Golden Ratio" to the Western world, although he did not in fact create the sequence which originates much earlier in India.
These numbers we now refer to as Fib or Fibonacci numbers.

http://plus.maths.org/content/life-and-numbers-fibonacci
 
Rexco
Posts: 2,540
Off Topic
Opinion:No Opinion
Price:1.61
View Thread (4)
RE: Chart update
Wed 20:32
Sonmi

Obviously you need to learn maths because down -4% is actually +4%
Sonmi-451
Posts: 149
Off Topic
Opinion:No Opinion
Price:1.61
View Thread (4)
RE: Chart update
Wed 18:27
FIB "Numbers" ha ha... dont you just love em...

Especially as they are called FIB "Levels" ... and are totally irrelevant here...

Oh look... With all that FIB'ing and MACD'ing and RSI'ing analysis ... and Range is down -4% ...

Why would anyone be cynical...

Have you ever stopped to wonder how, with your toolbox of share dealing wizardry... fib's and macd's, rsi's and support and resistance analysis, market maker conspiracy theories and investigating, you have gotten it so badly badly wrong for all these years of trying. And for someone who has gotten it so badly badly wrong continually day after day, year after year, you still persist in seeing only positives, when the share price has been demolished before your eyes.

But you are too busy staring at the amazing FIB "numbers" to notice...

Its called "Analysis Paralysis".. A well known phenomenon... To some...
RichTheNewbie
Posts: 9,794
Observation
Opinion:No Opinion
Price:1.60
View Thread (2)
RE: RRL
Wed 13:15
Well he's a silly billy then. Old news.
Jarv55
Posts: 1,023
Off Topic
Opinion:No Opinion
Price:1.60
View Thread (2)
RRL
Wed 13:09
RichTheNewbie
Posts: 9,794
Off Topic
Opinion:No Opinion
Price:1.61
View Thread (2)
RE: ot re AndytheMKDon
Wed 12:17
Nobody will miss him :p
tradernor
Posts: 516
Off Topic
Opinion:No Opinion
Price:1.61
Trinidad & Colombia
Wed 12:11
Since RRL has significant exposure to Colombia and Trinidad, this insightful analysis from Seeking Alpha will be interesting for you. It was out yesterday.

The author presents the Colombian energy producers and his article was a "Top Idea" award:

http://seekingalpha.com/article/2447625-to-handsomely-beat-the-market-buy-petroamerica-oil-with-both-hands
JDwag
Posts: 1,595
Off Topic
Opinion:No Opinion
Price:1.65
View Thread (2)
RE: Charts
Wed 11:39
On the subject of placing, what are people’s views of this, I personally don’t think a conventional placing is coming, I think it will be in the form of an Institutional Investor taking a slice of the company (10 / 15%, etc) or possibly via a long term low debt funding arrangement, obviously it looks like the LO £5m drawdown is available in the short term, however, for investor sentiment, I believe this old style placing are finished (certainly hope so). Obviously, a chunky sale of a Texas / Georgia would help, but I just don't know how much that will actually raise.

The Q2 2014 Report says there was nearly $6.5m in cash on the books at the end of June 2014 so I guess no immediate need for cash, however, all dependent on current cash burn and if they are getting to grips with a reduction in group costs of between 30% – 50% and increasing oil production to such an extent as to allow positive cash flow.

JD
Rexco
Posts: 2,540
Off Topic
Opinion:No Opinion
Price:1.65
View Thread (2)
Charts
Wed 11:17
Since they are used by traders and show historic information I think any positive projections using them will always be associated with ramping.

The fact is that it is good news, and lots of it, that will be the reason for the market cap to increase and the share price will follow if there are no more placings.
Novice2009
Posts: 3,549
Off Topic
Opinion:No Opinion
Price:1.65
View Thread (2)
ot re AndytheMKDon
Wed 11:06
Dont expect him on here today. Probably still in the pub after last night. Sorry for OT



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