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Range Resources Ltd Share Chat (RRL)

RRL Share Chat - RSS Feed

Share Price: 0.255Bid: 0.22Ask: 0.29Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.07Spread as %: 31.82%Open: 0.255High: 0.255Low: 0.255Yesterday’s Close: 0.255


Share Discussion for Range Resources Ltd


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MissUK
Posts: 122
Off Topic
Opinion:No Opinion
Price:0.235
RE: If OPEC do finally cut
Fri 10:38
'pushing ahead with waterflooding is progress.'

They haven't even started waterflood yet. And wf is really secondary recovery. It's expensive and won't make anyone rich in this type of asset. The bbls/d achieved will never be that great. At best pay the bills, won't be anything left over for shareholders.
 
Celticheart
Posts: 9,103
Observation
Opinion:No Opinion
Price:0.235
$600 million Oil short closing
Fri 09:29
Interesting article posted by Fortuous over on iii, well worth reading;

http://www.reuters.com/article/us-oil-futures-etf-idUSKCN0VD0D7
OMADAWN
Posts: 1,444
Off Topic
Opinion:No Opinion
Price:0.235
RE: If OPEC do finally cut
Thu 20:42
A very poor interpretation and summary.
MartinOil
Posts: 929
Off Topic
Opinion:No Opinion
Price:0.235
View Thread (2)
RE: If OPEC do finally cut
Thu 20:19
Pretty sure he just read it as opposed to interpreting and theorising.
OMADAWN
Posts: 1,444
Off Topic
Opinion:No Opinion
Price:0.235
RE: If OPEC do finally cut
Thu 17:40
Some way of reading the Q&A RNA !!!!
Mickdee
Posts: 2,187
Off Topic
Opinion:No Opinion
Price:0.235
View Thread (2)
RE: If OPEC do finally cut
Thu 17:40
I reckon pushing ahead with waterflood is progress. The cost per barrel with waterflood as stated in the Q&A is half that of drilling wells. This means that at current oil prices Range can still produce profitable oil and there are few oil companies in the world can say the same.
OK to some extent it is jamorrow but all the ingredients for the jam are in the pot and the heat turned on.
MissUK
Posts: 122
Off Topic
Opinion:No Opinion
Price:0.235
RE: If OPEC do finally cut
Thu 17:22
When was the last time RRL showed some progress. Seriously
Kiplingcakes
Posts: 2,665
Off Topic
Opinion:No Opinion
Price:0.22
RE: If OPEC do finally cut
Thu 12:47
Oma

Agree with your analysis

But think sentiment will take this over. 0.5p alone

If, and I admit it's a huge if, they can show some progress.

Agree they should mothball with these prices. But they never got moving with oil at 50 +

Which is why I'm only nibbling in small amounts.
OMADAWN
Posts: 1,444
Off Topic
Opinion:No Opinion
Price:0.22
RE: If OPEC do finally cut
Thu 11:21
KC

I’m not buying at the moment.

The water flood appears to be an incremental extension of the existing pilot. Between now and first oil, cash will reduce, liabilities increase and existing production may decline. The oil will restore the current position, but adds no increase in shareholder value IMO
Kiplingcakes
Posts: 2,665
Off Topic
Opinion:No Opinion
Price:0.22
If OPEC do finally cut
Thu 09:21
Imagine will see a range return to 0.8p level IF (and it's a big if) they get water flood going in time and have approvals in place.

As ever, don't trust range mgmt as far as can thrown them but this could work out quite nicely.

Cautious BUY(er) atm....

Ps - Celtic, what's your avg?




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