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Range Resources Ltd Share Chat (RRL)



Share Price: 0.46Bid: 0.41Ask: 0.51Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.10Spread as %: 24.39%Open: 0.46High: 0.46Low: 0.46Yesterday’s Close: 0.46



Share Discussion for Range Resources Ltd


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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..
OilSpill
Posts: 354
Off Topic
Opinion:No Opinion
Price:0.46
JPMorgan
Sat 21:00
sees sharp rise in precarious oil and gas loans...

http://uk.reuters.com/article/jpmorgan-energy-idUKL2N17W1UB
petebo
Posts: 1,585
Off Topic
Opinion:No Opinion
Price:0.46
View Thread (2)
RE: focus on Range Resources
Sat 19:23
Your ridiculous 0.10p prediction was way off so you now post ever increasing tosh!!
OMADAWN
Posts: 1,523
Off Topic
Opinion:No Opinion
Price:0.46
RE: focus on Range Resources
Sat 11:24
RRDS was sold to LO to enable LO to have exclusive right to all revenue generation. If you check the accounts in detail you will see that the loan to LO to complete the purchase was settled via offsetting debt to LO to keep the debt of the balance sheet , an independent Bod would not have done it the way , this was done at share holders expense
Sanchez57
Posts: 1,100
Off Topic
Opinion:No Opinion
Price:0.46
Hawk
Sat 10:29
Nighthawk in grave danger, PMO still looking over their shoulder a bit, LGO facing placements and dilution to stay afloat. The list is endless. RRL not in precarious state they were, so celebrate that fact while we wait with bated breath for ops news.
MartinOil
Posts: 934
Off Topic
Opinion:No Opinion
Price:0.46
View Thread (4)
In summary
Sat 09:04
LO will get paid for the work done... Shocking stuff indeed, never seen these practices before.

If RRL are successful and price of oil increases both LO and RRL (and RRL investors) will make money.
Celticheart
Posts: 9,426
Observation
Opinion:Strong Buy
Price:0.46
View Thread (2)
focus on Range Resources
Sat 08:29
Ten mentions of LO and not one mention off RRL in one posting, well I for one believe that RRL is now looking better than it has for a long time. The RRL BOD and the RRL management team have shown that they are focused and motivated in making our waterflood enhanced oil recovery a reality (first output due in the second half of 2016). They have also showed that cash burn has been dramatically reduced, not least by selling off RRL's old rigs to RRDSL which has given us access to 4 brand new rigs to drill with. Test results still to come on MD 250 which should also underpin production growth for RRL. The future for RRL is looking bright IMHO.
OMADAWN
Posts: 1,523
Off Topic
Opinion:No Opinion
Price:0.46
RE: Celtic/Rexco
Fri 18:41
Rex,

Land Ocean announced Chairman’s pledged shares. of a similar amount to initially Core and then Sibo. This is documented.

Pledged shares is a fairly common way of raising funds in China and indeed when the Chinese stock market was suspended recently, share pledge share rules where relaxed to enable funds to be raised without shares being issued at a very low price.

Pledged shares means he will recover the Land Ocean shares when he repays the money that has been raised using the shares as security. It is in his interest to ensure that Land Ocean increases its’ MCap.

He will want RRL to do well, so that he can maximise his Land Ocean shares.

As controller he does it by having control over what happens, maximising LO’s revenue. He will ensure that LO’s credit can always be repaid and seek to take as much revenue as he can for LO, leaving nothing in the company for investors.

As you showed, the monies have been carefully balanced, just enough flow to repay the credit terms and cover overheads.

Sino would be the insurance policy for the money from LO, but by bringing the water flood revenues first and then drilling this insurance will not be needed.

Remember the $450M work forecast for LO ? Remember the $50M PO for undefined work, LO needed tat for governance
Celticheart
Posts: 9,426
Observation
Opinion:No Opinion
Price:0.495
Oil bullish
Fri 15:34




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