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Range Resources Ltd Share Chat (RRL)



Share Price: 0.20Bid: 0.15Ask: 0.25Change: 0.00 (0.00%)No Movement on Range Resources
Spread: 0.10Spread as %: 66.67%Open: 0.20High: 0.20Low: 0.19Yesterday’s Close: 0.20


Share Discussion for Range Resources Ltd


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Mickdee
Posts: 2,540
Off Topic
Opinion:No Opinion
Price:0.20
RE: Red Red Wine
Mon 11:29
I think the number of buys that appear as soon as the bid drops tells us more than the two major sells. The shares must be a bargain at under .2
 
Investor_Tester
Posts: 216
Off Topic
Opinion:No Opinion
Price:0.175
RE: Red Red Wine
Mon 11:16
top post that MickDee
Celticheart
Posts: 13,279
Observation
Opinion:No Opinion
Price:0.175
RE: Red Red Wine
Mon 11:03
Particularly as Petrotrin are already listed as a client on the RRDSL website http://www.rangedrilling.com/clientsprojects/
Mickdee
Posts: 2,540
Off Topic
Opinion:No Opinion
Price:0.225
View Thread (5)
RE: Red Red Wine
Mon 10:45
Why should we be concerned about the sales of 14 million shares out of a total of 7.5 billion shares. Even less than the proverbial drop in the bucket!
There are many legitimate reasons why shares are sold, just as there are reasons for the relatively low volume of shares being traded.
Range has waterflood underway and although the water volumes being injected are lower than hoped for the secondary recovery system is underway and showing results.
Last well drilled is showing 120 bopd on a very tight choke and the 2018 drill programme is due to be published shortly - the admission document mentions around 15 wells to be drilled in 2018 although the last result could change this.
Petrotrin have just sacked the company that did all of their drilling - RRDSL must be in the running for that contract.
So, not a lot of sense selling out at this time.
Rainbowbottom
Posts: 7
Off Topic
Opinion:No Opinion
Price:0.225
View Thread (3)
RE: Red Red Wine
Mon 09:43
It£s clear the commentator on all these trades really does not understand how the market/market makers work.
He also doesn£t seem to have access to DMA or understand how that works.
Good to see your kids get something from this forum.
I would be more concerned why someone sold 8m last week and another 6m this week.
Investor_Tester
Posts: 216
Off Topic
Opinion:No Opinion
Price:0.225
View Thread (4)
RE: Trades
Mon 09:41
Hi CH , unfortunately the liquidity is shot to death on this share now and wont change I think as a lot of people sold out upon relisting and thereafter.

We need operational success now and I for one am willing to wait for more news on waterflood as I suspect this will ramp up significantly in next quarter to get us over 1k bopd (just my guesstimates)

Between then and now , I don't expect until else and I don't think market does either , so will have steady declines as PIs sell out more shares (even the tiny trades) , which will drag the SP down......could be a buying opportunity in advance of news (but I have invested enough in range so not buying anymore)

Think a lot of LTHs are on the fences waiting for enough good news to come in and liquidity before selling their entire holding in the millions of shares (like me :P )

Whatever your strategy , I hope it works out for us all so we can move onto better things

GLA
IT
Celticheart
Posts: 13,279
Observation
Opinion:No Opinion
Price:0.225
Trades
Mon 09:34
And then we get a big some big sells at a bargain basement prices, I sincerely hope they looked at L2 before selling, 6 mill sold below the Bid with BID and ASK still unchanged.
chama1977
Posts: 171
Off Topic
Opinion:No Opinion
Price:0.225
View Thread (2)
Red Red Wine
Mon 09:34
Has been red for the past 6-7 years and only one is still confident. Such a fool. One time Landue is good, another time Chinese are brilliant.OMG Another 11.1% drop. Where will this stop? I won't filter him. My kids need some humour everyday.
Celticheart
Posts: 13,279
Observation
Opinion:No Opinion
Price:0.225
The unmentionable
Mon 08:43
I am constantly being told not to mention small trades but how can you ignore it when out of the 5 trades so far today 3 are for ridiculously small sells clearly designed to make it look as if the sp is dropping despite the BID and ASK being unchanged. A lot of small investors do not have Level 2, the information boards they use show the sp as being the last traded price regardless of volume. That is why!
k.j.k
Posts: 2,804
Off Topic
Opinion:No Opinion
Price:0.225
View Thread (2)
That's enough of the Welsh lovein
Mon 07:24
WTI holding above $64 will do me for now.Again hoping for a blue day, it must come soon.




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