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Range Resources Ltd Share Chat (RRL)

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Share Price: 0.245Bid: 0.20Ask: 0.29Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.09Spread as %: 45.00%Open: 0.245High: 0.245Low: 0.245Yesterday’s Close: 0.245


Share Discussion for Range Resources Ltd


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Kiplingcakes
Posts: 2,680
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: 2,680
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?
Dreamboatwarrior
Posts: 3,711
Off Topic
Opinion:No Opinion
Price:0.24
View Thread (3)
Oil
Wed 20:37
... 5 months ..... water flood .... perfect storm ??
OilSpill
Posts: 50
Off Topic
Opinion:No Opinion
Price:0.24
You snooze, you lose.
Wed 18:59
OPEC may have missed an opportunity to cut oil production, likely leaving oil prices stuck under $40 a barrel for the next five months, analysts at Goldman Sachs warn.

In a note out on Monday, the commodity analysts, led by Damien Courvalin and Jeffrey Currie, argued that not only is the oil cartel highly unlikely to cut output but even if it did, the move would do little to push prices higher.

“Given the likely time necessary to enact such cuts, the continued large builds in U.S. and global inventories and the fast pace at which U.S. Gulf Coast spare storage capacity is filling, it may already be too late for OPEC producers to be able to prevent another large decline in prices,” they said in the report.

“While prices may rally initially upon announcement, we would expect this move to fade and the oil forward curve to remain in contango until inventories decline, just as was the case [during the Asian crisis] in 1998-1999,” they added. Contango occurs when the spot price of oil is lower than the futures price.
http://www.marketwatch.com/story/a-big-reason-its-too-late-for-opec-to-cut-production-2016-02-01
OilSpill
Posts: 50
Off Topic
Opinion:No Opinion
Price:0.22
SP
Wed 16:16
wants to breach 20's to head for a lower low, so all the averaging down had nothing for this SP.

good luck..
OMADAWN
Posts: 1,444
Off Topic
Opinion:No Opinion
Price:0.235
RE: Oma
2 Feb '16
KC

No just kept a small holding, please the rest is banked, not even tempted at the moment.

Oma
Kiplingcakes
Posts: 2,680
Off Topic
Opinion:No Opinion
Price:0.235
Oma
2 Feb '16
Have you sold out here now?
Dreamboatwarrior
Posts: 3,711
Off Topic
Opinion:No Opinion
Price:0.235
View Thread (2)
Rex
2 Feb '16
It wouldn't be as much fun without the risk
OMADAWN
Posts: 1,444
Off Topic
Opinion:No Opinion
Price:0.235
RE: RNS re expiry of options
2 Feb '16
Rex,

A millionaire wouldn’t touch this. At today’s oil price if you extracted all the P1/P2 reserves and sold on the open market, subtracted the cost of recovery and added back current cash reserves each share would be worth just over 0.3p NPV. That assumes that they can get it all out in 8 years.

LO have invested millions and they can’t make it work.

You’d would get more by investing in grannie bonds with a lot less risk.

Oma




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