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Range Resources Ltd Share Chat (RRL)



Share Price: 0.385Bid: 0.37Ask: 0.40Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.03Spread as %: 8.11%Open: 0.385High: 0.385Low: 0.385Yesterday’s Close: 0.385


Share Discussion for Range Resources Ltd


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Celticheart
Posts: 9,693
Observation
Opinion:Strong Buy
Price:0.385
Can oil recover to 100 USD a barrel
Mon 22:20
�Current spare capacity is confined mainly to Saudi Arabia and we believe that the prospects for capacity growth elsewhere within Opec are limited � indeed some of the more peripheral producers (including Venezuela, Algeria and Ecuador) are likely to see output decline this year."

http://www.telegraph.co.uk/business/2016/04/16/can-the-oil-price-ever-recover-to-100/
 
OilSpill
Posts: 473
Off Topic
Opinion:No Opinion
Price:0.385
Oil price drops
Mon 22:02
to three-month low on oversupply fears.....

Oil prices have fallen to a three-month low, hit by rising concerns that a global oversupply of both crude and natural gas will dampen prices.

US oil fell 2.4% to $43.11 (�32.72) a barrel, its lowest level since April, meaning it has now fallen by 12% so far this month.

Brent crude dropped 2.1% to $44.75, its lowest level since 10 May.

Shares in oil and firms also lost ground, with Exxon Mobil shares down 1.8% and Chevron down 2.6%.

"Crude oil markets have been under pressure as oil supplies have started growing with the resumption of output from the capacity lost due to wildfires in the Canadian oil sands," said EY energy analyst Sanjeev Gupta.

Data from market intelligence firm Genscape also suggested US production had increased.

Inventory at the Cushing, Oklahoma delivery base rose by 1.1 million barrels in the week to 22 July.

"Supply continues to return from disruptions, refined products are severely oversupplied, crude demand is falling well short of product demand, and key product demand is decelerating," Morgan Stanley said in a note.

On Friday, data showed the amount of US oil and gas extraction points had increased for the fourth week in a row.

The slump in prices from as high as $115 per barrel in 2014 led many shale oil producers to cut the number of rigs as producing oil was no longer profitable.

But despite a decrease in American crude supplies over the past year, there are still large stocks of gasoline in the country, even as the US hits its summer driving peak.

The value of the dollar which has steadily risen over the past month has also put pressure on crude oil prices.
http://www.bbc.co.uk/news/business-36887112
Rexco
Posts: 3,001
Observation
Opinion:Buy
Price:0.385
RE: 5 p target
Mon 21:18
RRL will need to transform from a recovery stock to a fully operational stock before we find out what the markets consider to be fair value for RRL shares. Until then they will be subject to a lot of volatility due to the continuing uncertainty in the timing of the recovery and the trading games.

At the moment we have to be patient and recognise that the BOD have to do a balancing act until the water flood production comes on stream. They need to be seen to be actively drilling to keep the Trinidad Government happy whilst ensuring that they do not over extend themselves. Good cost management is essential.

Once the cash flow increases RRL will be able to ramp up the drilling campaign to increase production and proven reserves.

Of course the fact that they are using water flood will have the natural effect of increasing recoveries of all the reserves by 15% or more over all their proven oil fields.

Rather than guessing share price projections I prefer to wait and see what actually happens.

GLA
OilSpill
Posts: 473
Off Topic
Opinion:No Opinion
Price:0.385
RE: Bearish ...
Mon 20:42
odd that some think, write about long term prospects yet are short sighted when appropriate....

Ahem..."The pattern formed over 83 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis".

good luck...
ShareInvestment
Posts: 1,259
Off Topic
Opinion:Strong Buy
Price:0.385
Technical analysis
Mon 19:38
I like technical analysis but in this case as Malcy has pointed out for the last few months the company seems to be on a turnaround and starting to deliver which in time will translate in our share price. Sit back and enjoy the positive news flow.
Celticheart
Posts: 9,693
Observation
Opinion:No Opinion
Price:0.385
Charting skills
Mon 17:32
Nice call on the charting this week and they say my TA is unreliable :)
Mickdee
Posts: 2,254
Off Topic
Opinion:No Opinion
Price:0.385
View Thread (3)
Oilspills triangle
Mon 17:22
Does a rise to a closing price of .38 and a rise of 14.93% dent oilspills triangle. We seem to be getting further away again from his doom predictions. Perhaps it's a case of "next year Rodders" or "next year plonker"
bountyman
Posts: 1,468
Off Topic
Opinion:No Opinion
Price:0.335
Spread
Mon 16:45
Nice to see the bid jumped a bid today to 0.37p.

Should get an RNA soon about another batch of options expiring 25th July and also 29th July.

Could be half way down to the next drill as we speak.
Rumour mill started on the 3rd well and suggests only 2 to be drilled.

KRO
ChickenChallenge
Posts: 120
Off Topic
Opinion:No Opinion
Price:0.335
....
Sun 18:09
I doubt OilSpill is OmaLosses

Volume is too low on RRL to even think about TA. I can't think of anyone who has even posted one TA here which has proved to be reliable, which kind of proves it.
OilSpill
Posts: 473
Off Topic
Opinion:No Opinion
Price:0.335
RE: Bearish ...
Sun 09:00
for those who may wish to gain an insight to Recognia...

https://www.recognia.com/

https://www.youtube.com/user/marketingrecognia

https://en.wikipedia.org/wiki/Technical_analysis_software

A widely used product and used by no only traders but built into many trading platforms...

good luck....




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