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Range Resources Ltd Share Chat (RRL)



Share Price: 0.205Bid: 0.16Ask: 0.24Change: 0.005 (+2.50%)Riser - Range Res.
Spread: 0.08Spread as %: 50.00%Open: 0.205High: 0.00Low: 0.00Yesterday’s Close: 0.20


Share Discussion for Range Resources Ltd


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OMADAWN
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:0.3405
View Thread (6)
RE: Oma
7 Dec '15
They looked to be better value as the initial production rates are actually a good indicator for the value of the water flood potential, compared with Range.

I am not able to predict operational incidents such as that experienced by LGO, even I have limitations.
 
Celticheart
Posts: 9,133
Observation
Opinion:No Opinion
Price:0.3405
View Thread (3)
Omadawn
7 Dec '15
OK point taken I wont repeat that mistake , gibing you yet another excuse to get someone removed from this board but the facts remain traders are selling small amounts to drop the sp then buying much larger amounts, that to me is a vote of confidence and I will stick to my prediction that we will be back above 0.5 very soon.
Dreamboatwarrior
Posts: 3,713
Off Topic
Opinion:No Opinion
Price:0.3405
View Thread (3)
Oma
7 Dec '15
"Does anyone know the lowest MCap for RRL or is it the £25M that has been reached today."

You are probably right , but LGO looking far worse and I seem to remember you saying that at 1.2p LGO represented far better value ..... not so long ago ..... but you're a smart guy so you know that
OMADAWN
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:0.3405
View Thread (6)
RE: Trades
7 Dec '15
CH, I tink you are in breach of the following T&C from LSE's website

You may print or download to disk the contents of an individual page of this website for the purpose of private and personal non-commercial use. But you may not, except for that, copy, reproduce, distribute, republish, download, display, post or transmit the contents in any form or by any means without our prior express written permission.
Celticheart
Posts: 9,133
Observation
Opinion:No Opinion
Price:0.3405
Trades
7 Dec '15
As my post failed to appear i will repeat myself I made sure that when I posted the trades the were delayed by at least 40 minutes so could not possibly be seen as a breech live feed rule
Celticheart
Posts: 9,133
Answer
Opinion:No Opinion
Price:0.3405
Omadawn
7 Dec '15
I made sure the feed was not live when I posted but thanks for asking
OMADAWN
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:0.3405
View Thread (3)
MCap
7 Dec '15
The SP is at it's lowest level ever and appears to be in a down trend.

Does anyone know the lowest MCap for RRL or is it the £25M that has been reached today.
Yuffspetpoodl
Posts: 858
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (4)
RE: Yuffspetpoodle
7 Dec '15
And you think I don't understand the problem.....lol
It's almost like the CME read your posts and drop the price :-)
Oil $38 pb
Like I said last week GS have a better undressing of politics and finance - I'll stick with their prediction of oil in the 20's!!!!!
Unfortunately for you people get to read historic posts, that you make, and get to realise how wrong you actual are !
OMADAWN
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (5)
RE: Oma
7 Dec '15
I posted the below on the 11th November. I didn’t need to attend a presentation to work that out. I'm smart.

“Yes they are cash positive on current production and associated revenue, but that is because the development costs are all sunk costs. As soon as you start to drill your cash outflows are considerable higher than your inflows and payback periods on RRL's stated average production, exceed loan terms.

It's much better to hold off drilling other than comittment wells and concentrate on water flood which they have said is commercially viable at current prices. What investors don't want is water flood revenues having to be used to pay for uneconomic drill to keep LO happy ?”
Dreamboatwarrior
Posts: 3,713
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (4)
Oma
7 Dec '15
But you can see the emphasis has been switched greatly to water flood already for that very reason .... they are clearly in no hurry to drill any deep wells unless the commitments are already there ....... that much is obvious and would have been made even clearer to anyone who bothered to attend the presentation ..... it's not rocket science




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