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Fund Manager Chris Bailey talks about an opportunist 2017 for investors Watch here

Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Range Resources Ltd Share Chat (RRL)



Share Price: 0.365Bid: 0.365Ask: 0.40Change: -0.005 (-1.35%)Faller - Range Res.
Spread: 0.035Spread as %: 9.59%Open: 0.365High: 0.365Low: 0.365Yesterday’s Close: 0.37


Share Discussion for Range Resources Ltd


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Cardiffboy
Posts: 198
Off Topic
Opinion:No Opinion
Price:0.45
RE: lgo energy
5 Jan '17
If I have learnt anything from Range it's to stay away from AIM listed oilers, or in fact pretty much any AIM stock.

I'm happy with my Lloyds and HSBC investments for now, both on the up and both paying divis.
 
bobo
Posts: 8,174
Off Topic
Opinion:No Opinion
Price:0.45
RE: lgo energy
5 Jan '17
I would add the danger is that LGO cant afford to make the monthly repayments and elect to pay in stock. In this case the stock will be issued at a discount to the prevailing market price and Lind will dump.

This is the long term danger. Short term I expect a rapid pump to .2p
bobo
Posts: 8,174
Off Topic
Opinion:No Opinion
Price:0.45
RE: lgo energy
5 Jan '17
agree Mick, unless the oil price increases significantly they wont be able to fund their capex, so as an investment its a pile of crap.

However I am interested because there could well be a short term win. Unless im missing something the debt is convertible at .15 with options at .15 so its in the death spiral providers interest to see the SP above this. These providers are masters at pumping a stock up, along with a few rampy RNSs from Ritson you could well see a 100% profit before Lind elect to convert.
Mickdee
Posts: 2,359
Off Topic
Opinion:No Opinion
Price:0.45
RE: lgo energy
5 Jan '17
LGO is in the bargain basement because that is where it belongs but calling it a bargain is a misnomer. Ritson is very much in the Landau mode and should be treated accordingly. he is putting a lot of emphasis on waterflood in a relatively small field surrounded on all sides by a much larger area owned by a company interested in water supply for waterflood projects. Where is LGO going to get enough water for it's waterflood. It's current drilling campaign is based on reservoirs around the 1500 feet deep and at these levels depletion is very rapid because of poor pressure.
Personally I wouldn't touch LGO with a barge pole but DYOR and make up your own mind.
4CER
Posts: 179
Off Topic
Opinion:No Opinion
Price:0.45
lgo energy
5 Jan '17
Cardiffboy - check out lgo energy - currently in the bargain basement.
Cardiffboy
Posts: 198
Off Topic
Opinion:No Opinion
Price:0.50
RE: RE: Sentiment
5 Jan '17
n2, I guess you will never see that £2k again as It would be a miracle if this ever hit 20/30p again.

Luckily for me I hold an average of 2.6p and would quite happily jump out at 2p and cut my losses, I have the capacity to average down but I just do not have the confidence to have anymore money tied up and now ply my money into Lloyds and HSBC.

Lloyds will be pumping out the DIVI's in the coming years, they are really a company to keep an eye on.
n2g56
Posts: 112
Off Topic
Opinion:No Opinion
Price:0.50
RE: Sentiment
5 Jan '17
i was similar to you 21 yrs and reading all the positive news and what a "certainty" it was but I am more risk adverse and only invested 2k at around 20-30p!
Cardiffboy
Posts: 198
Off Topic
Opinion:No Opinion
Price:0.50
RE: Sentiment
5 Jan '17
typo there, supposed to start with It's NICE to see.
Cardiffboy
Posts: 198
Off Topic
Opinion:Buy
Price:0.50
View Thread (2)
Sentiment
5 Jan '17
It's not to see the sentiment positive for a change, it's amazing what some good news can do. We all know how aim shares work and I'll be the first to admit RRL has been a dog in the last few years. I was very young, naive and inexperienced when I first invested here with £21k, it was all my savings at the age of 20 and boy do I regret it but I have sat tight and waited for this to turn and I hope this could finally be our year!

Let's just stay positive and let's hope we can get some more water into them wells.

Anything is possible with this share, hey we could even hit a spot and have a well bursting with so much oil we can't store it, now wouldn't that be nice!

Does anyone know or know where I could find out what other companies wells are pumping out in trini around our assets? I'd be interested to see what the highest bopd is being pumped.
4CER
Posts: 179
Off Topic
Opinion:No Opinion
Price:0.45
Texas
5 Jan '17
Thanks Bobo.




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