Register
Login:
Share:
Email Facebook Twitter

Josh Mahony from IG sums up the forces driving markets and currencies Watch here

Leading commentator Josh Mahony from IG - are we seeing a US$ revaluation?


Range Resources Ltd Share Chat (RRL)



Share Price: 0.34Bid: 0.33Ask: 0.35Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.02Spread as %: 6.06%Open: 0.34High: 0.00Low: 0.00Yesterday’s Close: 0.34


Share Discussion for Range Resources Ltd


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


HollowSword
Posts: 63
Off Topic
Opinion:No Opinion
Price:0.34
Can you explain the numbers please
Wed 08:24
A few people over there have asked you questions about your holding, that you haven't answered.

"In fact you held 2.75m shares at 12 August 16 with an average of 2.3p which is £63,250, so if you now have an average of 1.4p then you probably have nearer 4.5m shares.
I only mention as you just said you have 3m at an average of 1.4p and on 12 August 16 you said you have 2.75m shares at a 2.3p average."
 
Celticheart
Posts: 12,235
Observation
Opinion:No Opinion
Price:0.00
Trinidad reviewed
Wed 08:10
This might be a good time to re-look at Trinidad as a whole and the reason Range are there in the first place;

Key Facts

• Trinidad has been producing hydrocarbons for over 100 years. Prolific hydrocarbon basin with significant energy infrastructure to monetise both oil and gas. Commercial production since 1910 and 3.5 billion bbls of oil (1.6 billion bbls onshore) and 23 tcf of gas recovered to date. 31% of BP’s and 15% of BG’s 2013 gas production came from Trinidad.

• 6th largest exporter of LNG in the world. Gas primarily delivered to South America, the USA, Europe and Asia.

• A ready market for crude oil. The Petroleum Company of Trinidad & Tobago (Petrotrin) refinery has a capacity to refine 160,000 bopd, however, it currently has to import circa 80 kbopd to supplement indigenous production in order to maintain optimal processing levels.

• A stable and progressive fiscal and legal regime. A supportive and energy knowledgeable government that respects the sanctity of contracts and subscribes to international arbitration. State has never expropriated any assets. No foreign exchange controls; no restrictions on repatriation of profits. The government is re-focused on maximizing indigenous crude flows by ensuring that the upstream petroleum fiscal regime remains globally competitive.

• Educated, skilled, experienced and competitive labour force

• Steady flow of acreage. Additional acreage created via periodic bid rounds (onshore, offshore and deepwater) and merger/acquisition opportunities.

• Strategically located at the gateway to South America. Access to regional and international emerging and developed markets through various trade agreements. Trinidad is now also exporting energy services to Suriname, Canada and Africa.

• Trinidad has extensive energy infrastructure and is the largest global exporter of methanol and ammonia:
HollowSword
Posts: 63
Off Topic
Opinion:No Opinion
Price:0.34
Hollowsword
Wed 07:46
"manipulate a cheap entry sell on spike" - Ha Ha ... At least you have a sense of humour. :o)

In case you hadn't noticed, one poster on here has posted 12,200 times, 24/7, and it has never made the SP go up, so what makes you think that 40 posts from me will have any effect on the SP?

In GWMO I bought in and sold a few days later almost doubling my stake. That is the general concept of trading long.

"Transformational" Where have we heard that before. :o)
Axebob
Posts: 923
Research
Opinion:No Opinion
Price:0.34
View Thread (3)
Hollowsword
Wed 00:22
Been through the resent post history. Not a lot for fifteen years in the game. Because the the bankers are so corrupt you have to play the game. Become the alpha poster manipulate a cheap entry sell on spike and jump back in after the retrace. It's all on GWMO where he/she made 7k... Going to be hard to get the cheap entry due to all the transformational news we have now and to follow. But you might get a small window. It happened on Pmo
bountyman
Posts: 1,686
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (2)
RE: TRIN RNS- You missed the good b..
Tue 17:33
HollowSword, I am not going to get into a petty war of words with a troll like you, I have better things to do.

I am not saying that LTH’s don’t need to be acutely aware of the issues but we don’t need you rehashing the same tripe across multiple boards. I have never once said we need to forget everything bad so don’t try to misquote me.

I think you are barking up the wrong tree if you are trying to pick a fight with one of the rose tinted brigade but I would rather spend my time discussing with one of them than someone who is clearly bored, bitter and angry over his previous trading strategys when he probably lost more than he could afford to invest.

Your debate is anything but constructive, there is nothing balanced at all in any of your posted, and as much as Range has its flaws it is not all bad as I see it at the moment.

I have explained my comments regarding the losses of Trin’s assets but you don’t seem to comment, you just seem to want to sensationalise your position.

Anyways, I won’t bother responding to more of your tripe as I have said earlier I have better things to do.
Celticheart
Posts: 12,235
Observation
Opinion:No Opinion
Price:0.34
View Thread (2)
Trinity's loss for 2016
Tue 17:05
The 2.1 Million loss was largely attributable to the fact that Trinity could not afford to extract enough oil at what was probably around the market low, sub $40 a barrel to make the wells profitable. I would also expect that they kept the production to 190BOPD to reduce what would otherwise have been an even greater loss, given that they were not the operator.
HollowSword
Posts: 63
Off Topic
Opinion:No Opinion
Price:0.34
RE: TRIN RNS- You missed the good b..
Tue 16:00
"Dont you think LTH here have had enough to deals with, without the need for your constant reminders of everything bad that has gone on. "

Why on earth would you want to forget "everything bad" that has gone on?

Sticking your head in the sand, and waiting like a neglected housewife for her husband to come home so they can live happily ever after is not a strategy, it is pie in the sky wishful thinking.

Anything positive is, as it always has been, speculative and "jam tomorrow".

You posted from the TRIN RNS, but missed out the bit that said:

"Losses (before taxes and any extraordinary items) attributable to the West Coast Assets for the twelve month period ended 31 December 2016 were US$2.1 million."

Does the bit that says "$2.1 million loss" not alarm you at all ?

You carry on posting your view, and I will do the same. It is what constructive debate is all about.

Or you can just report any opposing opinion in the hope the post gets removed, like some do.
bountyman
Posts: 1,686
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (4)
RE: TRIN RNS- You missed the good b..
Tue 15:45
Hollowsword, how much investment and actually drilling did put in the direction of this asset in their cash strapped situation?.

The deal could well be a good del for both parties, Trin get some cash and we get a producing asset that we can develop and hopefully turn into a profitable one.

I do wonder why if you are so anti range that you appear to stalk the various message boards to pit the share down. Dont you think LTH here have had enough to deals with, without the need for your constant reminders of everything bad that has gone on. Maybe you would be better off putting your efforts into being positive about some shares but that wouldnt fit a trolls agenda. It is such a shame that keyboard warriors and trolls like yourself stiffle any meaningful constructive debate!

KRO
Celticheart
Posts: 12,235
Observation
Opinion:Strong Buy
Price:0.34
View Thread (2)
West coast asset acquisition
Tue 15:40
Before you get led too far astray by posters who want to downplay the recent acquisition check out the profile of the West coast assets we have bought from Trinity and take on board this statement in their RNS "Whilst there is significant remaining potential across the West Coast Assets, the Directors believe that this is best extracted by an operator with the resources required to continue to invest in these assets".

Trinity acquired the PGB license in 2012 following the review of the seismic survey over Brighton Marine and an assessment that the play fairway may extend through the Gulf of Paria.

Trinity is currently producing from two wells and the licence also holds a heavy oil (16° API) discovery, ALM-22. The recent Jubilee discovery made by Petrotrin near the Cluster 6 platform, an estimated 48MMBbl field, further demonstrates the potential of the area.

In order to delineate the ALM-22 discovery, and identify future drilling locations, Trinity intends to acquire 3D seismic over the block.

Now I am guessing that Trinity simply did not have the money to undertake this 3D seismic, in addition to which their cash strapped position and the low POO forced them into seriously reducing production on the West coast.

In addition to which they had to rely on external operators, which impacted on their profitability, with the RTO of RRDSL we will be in a much better position to monetise those fields. Although production was only 190BOPD in 2016 it was significantly higher in previous years (400-500BOPD) and that demise was not just down to depletion but to Trinity's cash position.
HollowSword
Posts: 63
Off Topic
Opinion:No Opinion
Price:0.34
TRIN RNS- You missed the good bit
Tue 14:43
From TRIN's RNS regarding West Coast Asset sale to RRL:
http://otp.investis.com/clients/uk/trinity_exploration/rns/regulatory-story.aspx?cid=543&newsid=900602

"Losses (before taxes and any extraordinary items) attributable to the West Coast Assets for the twelve month period ended 31 December 2016 were US$2.1 million.

Another stunning World Class addition to Range’s portfolio if I read that correctly.

Looks like it was a good deal… For TRIN anyway.

IMHO




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.