Register
Login:
Share:
Email Facebook Twitter




Range Resources Ltd Share Chat (RRL)



Share Price: 0.441Bid: 0.441Ask: 0.51Change: -0.019 (-4.13%)Faller - Range Res.
Spread: 0.069Spread as %: 15.65%Open: 0.44High: 0.441Low: 0.44Yesterday’s Close: 0.46


Share Discussion for Range Resources Ltd


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


OMADAWN
Posts: 1,524
Answer
Opinion:Strong Sell
Price:0.46
RE: focus on Range Resources
Mon 22:18
You don,t offset interest free credit with an interest bearing loan.

Land ocean had to buy RRDSL to gain the right to drill on the island and become the sole supplier to RRL. That is why they paid so much for a pile of scrap, inc rig 8. They are just spinning rig 8 out hoping we will forget about it. hence the dropping of the q&a as the true business model gets exposed.

The fact that you don,t see it is not my problem or pocket
 
Rexco
Posts: 2,974
Off Topic
Opinion:No Opinion
Price:0.46
RE: focus on Range Resources
Mon 20:25
Pete,

I just wonder where Oma got his degrees in Accountancy and Business Management. Reading his comments below I cannot believe he has a degree in either and his English has too many mistakes to reflect a good education. In fact I would hazard a guess that he is very much like Peter Landau in the BS department.
Dodger777
Posts: 1,030
Observation
Opinion:No Opinion
Price:0.46
RE: Punt land?
Sun 21:01
Puntland was nothing more than a Landau scam.
rob295
Posts: 1,962
Off Topic
Opinion:No Opinion
Price:0.46
tradeemup
Sun 13:02
If you google Range and Somalia, I think we're still classified as a water exploration company and a relatively good one at that if it wasn't for the very moderate oil traces that apparently existed.
rob295
Posts: 1,962
Off Topic
Opinion:No Opinion
Price:0.46
tradeemup
Sun 13:00
Puntland is over and I still get a nervous twitch when I hear the word. Georgia is essentially dead and they are still trying to sell it on the cheap. Texas was sold on the cheap.

However, if you remember that Waterflood exploration and those thousands of T&T barrels Landau promised... we'll now actually drilling some wells which is nice (see the media pics on ranges site).

Waterflood is around 6 months. We're coming up to 6 months on Morne Diablo waterflood. Average production target is 200bopd.

Beach Marcelle South East looks set to begin soon given pics on Ranges site and is set to start this quarter and come in Q4. Average production target is 1,600bopd.

Figures are from: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RRL/12706563.html

I don't know if waterflood flows decline over time, or whether they will increase over time, so no idea if initially flows will be higher or lower but drilling costs are projected at $24/bbl if all waterflooding goes well.

Extra exploration isn't particularly expected. Should hear this summer about that first waterflood project.

Please just don't ask about any Somailan runways or about Russian oil (IOP). Best to not even go there.
tradeemup
Posts: 22
Off Topic
Opinion:No Opinion
Price:0.46
Punt land?
Sun 11:10
Been away for a long time and just wondered if anyone could let me know if punt land is still in the mix for 2016 or off the cards with fraud landaus departure. Sorry for my ignorance but I was stung here and sold for a massive loss a few years back. Still glad I sold as at current prices I would need a 100 bagger😜
Celticheart
Posts: 9,428
Observation
Opinion:No Opinion
Price:0.46
Typo
Sun 10:46
That was geo-political (auto-correct)
Celticheart
Posts: 9,428
Observation
Opinion:No Opinion
Price:0.46
Speculation on the POO
Sun 10:44
The truth is nobody knows which way the price of oil will move, there are so many fro-political factors at play that any one often changing could have a huge impact on the POO.

The proxy wars between Saudi and Iran, Instabiliyy in Libya, Iraq, Yemen and Egypt, the growing threat by Isis to oil fields and pipelines and the continued growth in demand from China and India are just a few factors to consider.
OilSpill
Posts: 354
Off Topic
Opinion:No Opinion
Price:0.46
Oil Market Deja Vu
Sat 21:14
Triggers Predictions of a Return to $30.

Oil’s climb above $45 a barrel is reassuring influential figures from BP Plc to the International Energy Agency that the industry is finally recovering from the worst slump in a generation. Others say the market is about to fall into the same trap as last year.

There’s a sense of deja vu at Commerzbank AG, BNP Paribas SA and UBS Group AG, who say crude’s gain of about 70 percent from a 12-year low in January resembles the recovery that took hold this time last year -- only to sputter out by May as the supply glut endured. Prices will sink back towards $30 a barrel in the coming weeks, BNP and UBS warn.
“There are dangerous parallels to 2015,” said Eugen Weinberg, head of commodities research at Commerzbank in Frankfurt. “The market already appears overheated and a correction is overdue.”

http://www.bloomberg.com/news/articles/2016-04-29/oil-market-deja-vu-triggers-predictions-of-a-return-to-30
OilSpill
Posts: 354
Off Topic
Opinion:No Opinion
Price:0.46
U.S. oil drillers
Sat 21:05
cut rigs for 6th week to Nov 2009 lows....

http://uk.reuters.com/article/usa-rigs-baker-hughes-idUKL2N17W0W0

could be the signs of a bottoming out although it may well be that a new low will be reached..




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.