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Range Resources Ltd Share Chat (RRL)



Share Price: 0.88Bid: 0.87Ask: 0.89Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.02Spread as %: 2.30%Open: 0.86High: 0.91Low: 0.86Yesterday’s Close: 0.88


Share Discussion for Range Res. (RRL)


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Celticheart
Posts: 5,801
Answer
Opinion:Strong Buy
Price:0.86
View Thread (3)
DOGSINBRASIL
Tue 16:21
As Lewis is not around I will answer your question, check out the Puntland link, the operator is Horn Petroleum:

http://www.rangeresources.co.uk/operations-puntland.asp
 
DOGSINBRAZIL
Posts: 32
Off Topic
Opinion:No Opinion
Price:0.86
lewis
Tue 16:00
Lewis you the right man to ask have range got any connection to a company called Horn Petroleum and if good news came from horn why would it be also good news for range
lewisycymoedd
Posts: 1,498
Off Topic
Opinion:Strong Buy
Price:0.89
View Thread (2)
RE: lewisycymoedd
Tue 14:23
Even trolls cannot argue with Liebowitz and Mann and the whole of the academic financial world. Anyway, it will get dear BG studying his textbooks, which is no bad thing.:-)
Celticheart
Posts: 5,801
Observation
Opinion:Strong Buy
Price:0.89
View Thread (2)
lewisycymoedd
Tue 14:18
Good response Lewis, I wasn't going to reply and get caught up in another argument, best ignored :)
lewisycymoedd
Posts: 1,498
Off Topic
Opinion:Strong Buy
Price:0.86
View Thread (5)
RE: Tipped
Tue 12:37
BG. In university finance textbooks for 2014-2015 academic year, students learn what a "high cost structure" is. It is defined in Liebowitz and Mann as "low income base and costs roughly equating to income" and they mention Range in January 2014 as a clear and fairly solitary example of this.

Range, according to Page 1084, had achieved a "medium cost structure" by August 2014 (costs around 60% of income and making a slight operational profit in Trinidad opertions, combined with very smart uniforms and an exemplary safety record .

"Low cost structure" is where Beaufort Securities now place Range at end of Oct 2014. Don't agree personally, but BOD is moving in that direction. And half-decent production figures in Trinny in next few months (ie hitting or almost hitting 1000bopd) will get many other Securities companies noticing we are now low cost.
BhoyGeorge
Posts: 741
Off Topic
Opinion:No Opinion
Price:0.86
View Thread (5)
RE: Tipped
Tue 10:43
'low cost structure' , it's got 6 rigs with 3 crews each doing feck all. I wonder what they think a high cost structure looks like.
Cardiffboy
Posts: 62
Off Topic
Opinion:No Opinion
Price:0.86
What are our costs?
Tue 10:27
Does anyone know what our rough overheads are per month compared to incoming revenue?

I know I could look at the accounts just hoping someone has the figures without having to trawl through.
Cardiffboy
Posts: 62
Off Topic
Opinion:Hold
Price:0.86
Low Volume
Tue 10:22
Volume pretty low this morning, one can hope for another green day today please
keepbelieving
Posts: 24
Off Topic
Opinion:No Opinion
Price:0.86
The road ahead
Tue 10:19
Is Range Resources Ltd A Buy As Price Jumps On Management Change?
By Rupert Hargreaves - Monday, 20 October, 2014 | See also: RRL

Tweet
Range Resources (LSE: RRL) shares are rising today, after the company announced that non-executive chairman Sir Sam Jonah is stepping down after the company’s annual general meeting next month.

Jocazanah will be replaced by Graham Lyon, who joined the board in February as a non-executive director. Mr Lyon brings plenty of experience to Range as he has been working in the oil & gas industry for more than three decades. Over this time Mr Lyon has worked at some of the industry’s largest players including Royal Dutch Shell and Chevron.

And at first glance it appears as if this is a great move for Range. While the outgoing chairman has plenty of management, as well as political, experience, he lacks a specific oil & gas industry backcground. In this respect, Mr Lyon appears to be the better man for the job.

Funding news
Along with today’s management changes, Range has also announced the completion of its $15m financing deal revealed last month. As well as guaranteeing the $15m in financing, management has been able to agree to loan on improved terms.

For example, Range will now be able to repay the loan at any time and the loan will be drawn in two separate tranches, rather than one bulky instalment, increasing the company’s financial flexibility. Tranche one involves a one-off payment of $5m at the closing of the deal, with a further $5m to be drawn down on a monthly basis over 10 months. Tranche two, worth $5m, will be available on a monthly basis from April 2015.

Unfortunately, even though this financing deal is great news for Range, the company is still struggling on many fronts, although the additional cash should help the company meet its production targets.

Struggling
Since announcing that the company was in discussions to secure financing, Range’s share price has slumped by around 50% and it’s easy to see why.

Indeed, over the past few months the company has revealed that it will miss production targets for this year, as operational issues have impacted the company’s operations in Trinidad. Management hopes that the $15m in financing will help the company get production and operations back on track, which should help the company repay the loan and move forward.

However, there’s no denying that Range still has a lot to do before it can be said that the company is back on the road to growth. Additionally, the new management team will have to prove that they know what they are doing, before investors can fully throw their weight behind the company.

Nevertheless, Mr Lyon’s previous experience should help Range push forward, although it may not be the time to buy just yet as Range has a long road ahead of it.
maytheforcework
Posts: 3,666
Off Topic
Opinion:No Opinion
Price:0.86
View Thread (5)
Tipped
Tue 10:19
Beaufort Securities rate this a buy saying it has a very low cost structure, an increasing flow of oil and a good board change going forward. I can see a few increases to this share price.



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