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Range Resources Ltd Share Chat (RRL)



Share Price: 0.475Bid: 0.46Ask: 0.49Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.03Spread as %: 6.52%Open: 0.46High: 0.50Low: 0.46Yesterday’s Close: 0.475


Share Discussion for Range Resources Ltd


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Mickdee
Posts: 2,232
Off Topic
Opinion:No Opinion
Price:0.475
RE: Oma
Today 15:48
Trump
Don't confuse the old guy. Give him time. He is still trying to work out how long he has been on this BB in response to my question. It would be much simpler if there were only 12 months in a year.
 
Trumploudly
Posts: 12
Off Topic
Opinion:No Opinion
Price:0.475
RE: Oma
Today 14:45
Oma,

Just to clarify- is that calendar years or actual years?

Cheers
OMADAWN
Posts: 1,578
Off Topic
Opinion:No Opinion
Price:0.475
RE: Oma
Today 13:06
Mickdee

You have been saying the same thing for years.......
Mickdee
Posts: 2,232
Off Topic
Opinion:No Opinion
Price:0.475
View Thread (2)
Oma
Today 12:20
I don't have a problem. I'm reasonably happy with Range at the moment and irrespective of what you spout I have a degree of confidence in the management and T&T.
You however keep reminding me of the actor David Niven's autobiography "Bring on the empty horses"
He and Errol Flynn are making a film of the Charge of the Light Brigade with a Polish Director who had a limited knowledge of English. Niven and Flynn are taking the **** and the Director lost his temper and shouted at them.
You are very smart. You think I know f*** nothing when in fact I know f*** all.
I think that sums you up quite nicely.
OMADAWN
Posts: 1,578
Off Topic
Opinion:No Opinion
Price:0.475
Rental Rigs
Today 09:36
A BOD acting in the interest of shareholders would of course be renting Rigs. RRL haven't negotiated better rates with LO and yet there is significant surplus land based kit available.

Of course LO have to have the revenue.
Trumploudly
Posts: 12
Answer
Opinion:No Opinion
Price:0.475
View Thread (2)
RE: MD250/MD51-2
Today 09:22
Dreamboat,

You got it!

Oma opened my eyes to this new more logical way of thinking about time and now you can spread the word too....

The world will seem a different place to you now. Please refer to a previous post of mine for further clarification- any pregnancy starting after May is now a 2 year one.

Further to this, for any of you blessed to have children- the academic year can now be said to last 'a few years ' instead of just one.

I had a tooth out in November 2015. Feels like years ago, and in fact it was!

Anyway, it's welcome to the world of the clever (me and Oma are already members) and goodbye to the world of the thickies ,for you.

(On this occasion you can be forgiven for thinking that 7 months is ....... 7 months)

Yours,

Trump
Dreamboatwarrior
Posts: 3,774
Off Topic
Opinion:No Opinion
Price:0.475
View Thread (2)
RE: MD250/MD51-2
Today 08:10
Trump ....... ok got it ......so December 2015 was a few years ago then ?
Dreamboatwarrior
Posts: 3,774
Off Topic
Opinion:No Opinion
Price:0.475
RE: MD250/MD51-2
Today 07:48
In English please ?
OMADAWN
Posts: 1,578
Off Topic
Opinion:No Opinion
Price:0.475
RE: Oma
Sat 19:20
Where does it say that they are doing another analyst trip ?
What was the result of the last one ?
Why don't the analysts that RRL currently pay produce a valuation / target price ? They keep saying under review, because their methodology would say that the SP is above target.
The analyst trip will be beneficial for Land Ocean.
Malcy is an irrelevance, he's paid to say what he does. Hoe does he earn his money?
OMADAWN
Posts: 1,578
Off Topic
Opinion:No Opinion
Price:0.475
RE: Oma
Sat 19:15
Mickdee

You have a problem.

The accounts will always show that future oil revenues are needed to repay debts, leaving limited free cash flow. Remember LO announcing the contract was worth $400M over 8 years.

As RRL have said this week, depletion is so high the dependency on water-flood is significant for cross subsidy of conventional drilling costs.

Touchstone, who are probably the best land based operator on Trinidad are a good example of the real costs of drilling on the Island, hence their low MCap.

LO are already publishing the revenues they are generating from RRL as they have to produce a balance sheet every quarter and revenues are recognised. RRL are only required to do so every 6 months. I suspect many are matching the two as LO is so dominant in RRL, albeit there is a weak attempt to hide this by referring to them as Range Resources Drilling Services.

RRL’s accounts later this year will show a significant fall in NAV as the liabilities will have to be shown, with no corresponding revenue and the value of reserves based on under $50. I suspect that shrewd investors will not buy at higher than the NAV per share as this is a production company with limited upside, rather than an exploration company such as FRR.




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