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.
Than London mining. Feel for long termers. I got out in April from range and then regretted it; might come back in.
what a day here - hope you guys recover atb
Does Monsieur Malcy
have an update to savour?
Annus Horibilis report
To steal a quote from good old Liz.Range has suffered an almighty broadside, and the decks have been well and truly cleared (apart from the blood currently running out of the gunwales). The Bod's don't seem overly concerned to me and don't appear to be abandoning ship. They also realise the effect this will have on SP in the short term, but have secured themselves a low starting point to be judged in the future, can't blame the previous lt any more now, and I sense that from now we will see slow and steady progress from here, and next year's year end will make much better reading. GLALTH.
Bad news was coming.....
When a " new poster " appeared on WS spotting a " mistake " ( Re: financing ) IMO - long term watchers have seen it all before here... I am surprised at the drop though and think it's over done. Those who fed " inaccurate information " ( ahem ) and those who defended them should hang their heads in shame.... As for Sir Sam, all this happened on his ( highly paid ) watch so maybe it's worth emailing him to ask wtf ? And Texas - Mrs T on World Stocks has the buyer written down in her notes..... Has she not found them yet ? Anyway, upwards from here I would hope - at least RSR has taken Range back to year zero so hopefully his team can build something from T+T. Chins up folks - money for Rigs and oil in the ground - it could / should still be a decent investment. Don't forget - the sp was at 1.22 only a week ago.... bad news today yes but without the fall from the pumped up high of last week, it wouldn't seem so bad..... Good Luck All :)
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