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.
This evenings late sell off means that tomorrow mornings opening looks particularly dire from my point of view. IMHO I can only envisage an appalling BOPD figure for June followed by the usual promises of jam tomorrow. Good news would most likely have been leaked. That said, its fingers crossed and who knows, we might just have our own rabbit and a hat. Unlikely - but you never know.
Christmas Presents in August
Everything beginning to come together. Just noticed even British Bulls is starting to look in. They say: "We see a bullish tendency in this security that is again within our scope. However, it is still in an environment that exhibits uncertain tendencies.". Uncertain tendencies include wehatespammers, yuffpp and BhoyGeorge (made last bit up). It is exciting - it may not all be good but think shareholders and market will be pleased on balance. Good story to tell, shame about the oil price (but not DC's fault).
RE: New and old CEO
Watch this go private and Landau run the show again 0.55 tomorrow
Charts are Useful
When we make any decision in life, best to get as much info as possible. And any charts are a big help when buying or selling shares. When shares I have bought have started plummeting, if I think I have made right decision I buy more at each significant low price and average down. That has worked really well over years, though it is often real brinkmanship. But to have the b*l*s to keep averaging down from huge price heights with Range is admirable. And there appear to be many like Celtic who are now knees deep in Range but no longer at an enormous average and full of hope they can still make good profits here. I think the next 6 months will be really wonderful for even those LTH with high averages. 1000bopd at least by Dec, 4 sparkling new state-of-art rigs, costs held or lowered, oil price easing up a bit, Prof Tong (to geology what Sherlock Holmes is to criminal investiation). The list of Range advantages goes on and on now.
RE: Wow!! 20% Rise
That potential rise was showing clearly in the chart last week, shame people don't like charts now isn't it :)
Wow!! 20% Rise
LGO up 20% at 1.8p. TRIN 11% down at 4.6p. We are pretty flat. But not tomorrow and Monday!!
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