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Range Resources Ltd Share Chat (RRL)



Share Price: 0.695Bid: 0.73Ask: 0.76Change: -0.05 (-6.71%)Faller - Range Res.
Spread: 0.03Spread as %: 4.11%Open: 0.70High: 0.70Low: 0.69Yesterday’s Close: 0.745


Share Discussion for Range Res. (RRL)


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RichTheNewbie
Posts: 10,082
Off Topic
Opinion:No Opinion
Price:0.70
View Thread (4)
RE: Catching up
Today 16:58
Don't worry I knew it was just a test Phil - which I passed obviously :p
Pub time. TTFN.
 
ErraticPhil
Posts: 1,521
Off Topic
Opinion:No Opinion
Price:0.70
View Thread (4)
Catching up
Today 16:57
Obviously I was at the AGM earlier and apart from my earlier post have been largely tied up in the interim. Correction to earlier, my apologies, Reso 1 was of course passed - I put my duff reporting down to shock at the subsequent reso results, and was about to get off a train at the time of posting so didn't have chance to check.
Have just caught up on the posting here today - what a huge amount of tosh was typed by some (not just me, see above). I'm normally very tolerant of some of the nonsense posted on here and don't get persoanl, but Celticheart, you take the prize award today. Pontificating incorrectly about what was going on at a meeting that you chose not to attend, then castigating Petebo for reporting honestly what was going on is out of order. Then after a break when we'd hoped you'd seen you were out of order and decided to give it a rest, oh no, we were wrong! you come back with your offensive 1601 post. What is your issue with RIG now? For your information the general mood among RIG members was in favour of the board (MEJ excepted) so your argument frankly has little foundation. Please apologise to Petebo and to me, and give your wild posting a rest.
Bountyhunter007 - I am frankly knackered after the past few weeks working on RIG matters and need a break, so if you are offering to help in future, let me or one of the other reps know.
RichTheNewbie
Posts: 10,082
Answer
Opinion:No Opinion
Price:0.70
View Thread (2)
RE: RTN
Today 16:44
Bought back a certain amount. Kept a bit spare. As I thought it would be hard to get much of a better price (still might be).

I actually wanted these resolutions voted down (was probably 60/40 in favour of that) as I think there's a better route than the previously proposed huge dilution of £6m + 10% more + $50m worth of shares at a penny. Which is a smaller amount of debt to get the existing rig fleet up and running (possibly buy/rent/sub contract in a couple more depending on money) and then drill lots of the shallow/mids to get the bopd up. Once the bopd/profit are raised then start thinking about grander plans when the SP would logically be higher due to performance. At least dilution then would be less impactive (or better yet get cheaper debt with the proof of a profitable business to aid in that). We had a period of that in the past for a little while it's just it was never kept up.
garyn
Posts: 32,308
Observation
Opinion:No Opinion
Price:0.70
View Thread (2)
RTN
Today 16:36
I think I'll wait until they can show that, given circa 10 years of it not being working under RRL and previous owners. Are you still on the sidelines here?
RichTheNewbie
Posts: 10,082
Observation
Opinion:No Opinion
Price:0.70
View Thread (2)
RE: RTN
Today 16:31
Yeah, but how much of that "admin" was actually necessary is extremely questionable. It was down to $1.2m as of the last quarterly. With the drills alive and running and cash not being sprayed around in all directions Landau-style I don't think the economics will bear any resemblance to the past.
garyn
Posts: 32,308
Observation
Opinion:No Opinion
Price:0.70
View Thread (2)
RTN
Today 16:26
Problem is that RRL have consistently proved that they're unable to make a profit from it if you take into account just the admin costs that they run at, and new finance will add to costs on that side of things as well. Worth bearing in mind and certainly won't be the only oil share to be hit by these low prices!
Ralph1
Posts: 2
Off Topic
Opinion:No Opinion
Price:0.70
View Thread (6)
RE: Macy's tweet
Today 16:06
Malcy's only peed off cos he's lost the inside track through his mate on when to load up and to dump. He'll probably start slating us now, with the hopefull resultant rise in shareprice.
bountyhunter007
Posts: 914
Off Topic
Opinion:No Opinion
Price:0.70
RIG role
Today 15:58
Is it time for RIG to play an active role...of course only if its volunteer representative willing to put in extra hours without any pay :).....remember they represent 20% holding, and with possibility of large near term dilution out of the way they can be a significant power.
RichTheNewbie
Posts: 10,082
Observation
Opinion:No Opinion
Price:0.70
View Thread (2)
RE: onceatrader
Today 15:53
The fiscal incentives currently in effect are pretty huge and make everything much more economic and give RRL a much better chance of weathering the storm than many oilers. It does however require that they get off their backsides and start drilling for oil. Which is the grump many of us had with Rory and clearly Abrahams did too!
Hopefully we'll now start getting the stuff out of the ground ;)
Celticheart
Posts: 6,151
Observation
Opinion:No Opinion
Price:0.70
mick2
Today 15:51
I stand by my statement and yours and bounty's recent posts just prove I am right



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