Range Resources Ltd is an oil and gas exploration, development and production company. Its roots originally start from 1976 in Ohio. Since then the company was incorporated in Australia in September 1982. Its headquarters are based in Texas.
I have never considered this to be a short term share, end of 2015 to 2016 has always been my feeling when positive production will have been achieved. I just didn't factor in the heavy dilution to obtain the finance needed, but the dilution can be reduced with a cash surplus. One must always must be positive, as self generated stress leads to an early exit, and as I'm quite enjoying life, I have no intention of worrying over this share.
I agree the oil price will rise, but the question is at what price do companies turn a profit and how long can they keep spending cash for until it hits the right price. The MOU will pump in more cash, but will that be used to develop the company and grow prroduction or just be used to fund losses? Personally I think there is potential here, but I'm in at a very low price, those in earlier in the year may take time to recover. I have time on my side, but this is looking less and less like a short term investment.
2015 will be excellent year for RRL, not only that because we should by then get uplift in oil bopd, hit new deep well, and also oil price is recovering and may well be above $90 in next year. every dollar increase will be profit to RRL. ONY 1 month away from 2015 !
The breeding of Negativity
Was all down to Landau, it's a simple as that. Promises of how good it all was going to be, year after year. Fund raising for investment which never happened on his watch. So distrustful and it was so easy to read his body language which spelt out that the guy was mostly lying his way through the job. So many people couldn't read him, but I had him summed up years ago but it was too late buy then, the damage was done. I held on for the simple reason that there was a possibility that it may one day, come good. The majortiy of this board and those who don't post is anger and frustration, and because RRL is making progress slower than Oak Trees grow, the hope for better things with RSR is not much better. Rory, I'm sure is trying to turn the company around and he has his work cut out. He probably won't succeed and I use 'probably' rather loosely to give him the benefit of the doubt. The share price will just float about from this 'not quite base level' to 3p or so for a very VERY long time. To buy in now may work for some, but not other long termers. RRL may tick over flogging a few hundrfed barrels of Oil, but unless a Strike happens, this company will just plod along offering placings and constant dilution until investors all drift away or RRL just becomes insolvant as a business. Essentially, overtime, it will be pretty much unsustainable at it's present level, so they own me and many others who choose to stay on and post contiuning negativity. Guilty, and this board is in general about as compelling and cheerful as Eastender's or Corrie but it's true, One of the most depressing boards on the AIM if not the most. Just saying how it is, innit?
AEX is a great investment but no currently 2.1p to buy (my average 2.3) :)
If you want a 24/7 share for 0.40 buy these after xmas........... ONLY joking welshies b4 u start (0.25 ) hee hee haha
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