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Range Resources Ltd Share Chat (RRL)



Share Price: 2.055Bid: 2.01Ask: 2.10Change: -0.045 (-2.14%)Faller - Range Res.
Spread: 0.09Spread as %: 4.48%Open: 2.05High: 2.25Low: 1.84Yesterday’s Close: 2.10



Share Discussion for Range Res. (RRL)


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LordSnooty
Posts: 4,125
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
As Usual
8 Jul '14
The media comes late to the party, if not when people are getting their coats, at least after the canapés have gone around.
Still, this will probably be an orgy by the time it's finished...
 
PeaDog
Posts: 386
Off Topic
Opinion:Strong Buy
Price:2.11
View Thread (2)
RE: Analyst view
8 Jul '14
I like these quotes from the MailOnline:

A back of the envelope calculation suggests that even at a rather a pessimistic US$15 a barrel ‘netback’ the group should be close to covering its costs at 1,000 barrels a day.
Analysts suggest the netback is more likely to be US$16-25 a barrel.
Scott Russell won’t be tied down to a longer term target, principally because he isn’t sure just how much money he will be able to secure as debt.
But it is fair to say 2,500 barrels looks like an achievable near-term target.
Range isn’t totally devoid of excitement - even though management’s mantra is that 'boring is the new exciting'.
In the last round it picked up the St Mary’s Block and it is farming into Niko Resources’ Guayaguayare acreage on the south-east coast of Trinidad.
With this acreage position and P2 reserves of 22 million barrels, Range has come from nowhere to be the biggest private onshore operator on the Caribbean island.

The shares, currently changing hands for 2.2p each, are up around 80 per cent since Scott Russell joined in February this year.
But with a price target of 3.7p a share, Cantor Fitzgerald believes there is further significant upside.

Read more: http://www.dailymail.co.uk/money/investing/article-2683395/New-management-fresh-approach-strategy-Range-Resources-focus-doubling-production.html#ixzz36r5YCWue
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Youngbuck87
Posts: 596
Off Topic
Opinion:No Opinion
Price:2.11
Celtic
8 Jul '14
You said Friday, I'll undercut you and say Thursday ;) ha
Celticheart
Posts: 5,134
Observation
Opinion:Strong Buy
Price:2.11
View Thread (2)
Analyst view
8 Jul '14
I particularly like this quote:

'Range’s interest in Trinidad represents a low-risk, low-cost, high-profit production asset base, with exploration upside and potential for enhanced recovery,' says analyst Emily Ashford.
'In our view, the reservoirs are shallow and well understood with geological risk being virtually zero, given the volume of historical drilling in the region.'

Read more: http://www.dailymail.co.uk/money/investing/article-2683395/New-management-fresh-approach-strategy-Range-Resources-focus-doubling-production.html#ixzz36r0e0Ti0
Celticheart
Posts: 5,134
Observation
Opinion:Strong Buy
Price:2.11
Youngbuck87
8 Jul '14
What was I saying :about the Golden Cross? :)
Youngbuck87
Posts: 596
Observation
Opinion:No Opinion
Price:2.11
Golden Cross
8 Jul '14
I'm no expert, but this is looking imminent to me, 50 SMA sitting at 1.215, 200 SMA sitting at 1.271. The 20/30 & 45 SMA have already crossed.
rameshprema
Posts: 13
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
lewis - math
8 Jul '14
That would be 4.34
wikkiman
Posts: 316
Off Topic
Opinion:No Opinion
Price:2.11
bountyhunter007
8 Jul '14
you still here buddy? what's this 5p talk. I thought u were selling when this reached 2p...
bountyhunter007
Posts: 732
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
RE: BH007
7 Jul '14
sounds about right, and also align with my 5P target price for remaining shares.
bountyhunter007
Posts: 732
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
RE: Offshore Puntland
7 Jul '14
Regarding Change of Buchanan's attitude I think we must congratulate RIG. It was impossible without them. Possibly now Buchanan is spending more resources on Range's account than they are paid for. But for them now its mission critical to protect their prestige, and business. The issue was rightly escalated by RIG to relevant regulatory authorities, with suitable evidences. It's likely that they got reprimanded informally. As long as SP appreciates i am least bother about Buchanan, but guess a lot must have happened or still happening in the background.



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