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Share Views: HUM CEO updates on Yanfolila and Dugbe Gold Projects. Watch here

Share Views Ep. 19
HUM CEO updates on Yanfolila and Dugbe Gold Projects.


Range Resources Ltd Share Chat (RRL)



Share Price: 0.345Bid: 0.33Ask: 0.36Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.03Spread as %: 9.09%Open: 0.379High: 0.379Low: 0.341Yesterday’s Close: 0.345


Share Discussion for Range Resources Ltd


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Axebob
Posts: 576
Off Topic
Opinion:Strong Buy
Price:0.345
View Thread (2)
RE: Oil price rises sp will follow
Fri 18:31
Oil up on average. .4% just checked. Think we're at the beginnings of a bull run glad I topped up although it's barely up yet still time to fill your boots. Gla
 
Celticheart
Posts: 9,949
Observation
Opinion:Strong Buy
Price:0.345
Oil price rises sp will follow
Fri 17:19
Oil prices stabilized on Friday after OPEC's decision this week to cut crude output in order to rein in a global glut fueled the biggest weekly rally since 2009.

After the deal was announced on Wednesday, the market's focus now shifts to the implementation and impact of OPEC's first production agreement since 2008, which will be joined by non-OPEC producers.

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Crude prices on Friday were pressured by data showing oil output in Russia rose in November to a post-Soviet high and news that Moscow would use its record November oil production as its baseline when it cuts output.
Front-month Brent crude futures were up 20 cents at $54.14 per barrel by 11:26 a.m. ET (1626 GMT). The contract was up around 14.5 percent this week.

U.S. West Texas Intermediate (WTI) futures rose 23 cents to $51.29. They were on pace for a gain of about 11 percent.
Axebob
Posts: 576
Off Topic
Opinion:Strong Buy
Price:0.35
RE: No effect
Fri 15:51
Hasn't hit $60 yet!
bewareshadows
Posts: 307
Question
Opinion:No Opinion
Price:0.35
No effect
Fri 15:38
Would it be fair to say the rise in oil prices has had no effect on the SP?

It seems as though this share has had its day. When an oil company can't increase its value on the back of a rise in the oil price it does not have many other avenues left open to it.
Celticheart
Posts: 9,949
Observation
Opinion:Strong Buy
Price:0.3605
RE: Malcy
Thu 18:40
Well let's see just what he had to say then rather than vague inferences:

Oil price
So, the organisation got it together roughly as expected but is this an early Christmas present or trouble by Easter? As with any Opec agreement, particularly those burnished with gilt, the proof of the pudding is in the eating, will they deliver on the agreement reached yesterday after an unusually long meeting? The 1.2m b/d is at the top end of expectations and individual countries are much as expected. Iran has actually had its reference production level increased to 3.975m b/d which they may not achieve but Iraq has taken a cut which shows more than a bit of willing. With the Saudi’s taking their 500/- cut it is clear that they have led by example, possibly influenced by the head of corporate finance and his warnings about needing a stable background for the Aramco float.

The stated aim for the price is somewhere in the $55-60 range which for most exporting Governments and companies even they would take your hand off for. Whatever the last two years has done for the industry it has re-balanced their costs, to such an extent that for many E&P companies that price means revenue and profit, for the majors the dividends are safe for the time being.

The EIA inventory stats put a thin layer of icing on the cake, the draw of 884/- was better than the whisper of a 678/- build and whilst inventories in products built, particularly in distillates the market breathed a sigh of relief all round.
Sifaka
Posts: 148
Off Topic
Opinion:No Opinion
Price:0.3605
Top up
Thu 18:35
Today :)
fracking
Posts: 45
Off Topic
Opinion:No Opinion
Price:0.3605
Malcy
Thu 18:06
Some interesting comments from Malcy today...be prepared.
bountyman
Posts: 1,571
Off Topic
Opinion:No Opinion
Price:0.3605
On the plus side
Thu 17:30
WTI seems to be pushing up towards previous highs since the $25 lows...

KRO

Bounty
bountyman
Posts: 1,571
Off Topic
Opinion:No Opinion
Price:0.3605
RE: Trader
Thu 17:28
I don't think I have been anything other than civil, just highlighted the point that the manipulation point is verging on crazy. And I think my points to discuss your arguments supporting your manipulation allegations have not been answered. It appears to be very closed-minded of you, almost as if you would not believe the truth even if proved to you.

Anyhows - it seems the trader may have switched sides - a £36.95 purchase at 9.10 this morning - pesky trader needs to make up his mind!!

KRO

Bounty
Celticheart
Posts: 9,949
Observation
Opinion:Strong Buy
Price:0.35
RE: Trader
Thu 15:59
No problem, give your opinion but try and stay on the side of civility, there's a good lad.




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