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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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OMADAWN
Posts: 1,577
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: 11
Answer
Opinion:No Opinion
Price:0.475
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
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: 1,577
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: 1,577
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.
MartinOil
Posts: 937
Off Topic
Opinion:No Opinion
Price:0.475
Oma
Sat 19:13
If it's all such a big con and LO are taken care of regardless so SP irrelivent why are they doing another analyst trip? Why is Malcy placing himself to look a fool?

If LO are such a great model why do half the time their investors not know what the BOPD is? Why did they almost get ruined with the broke drill?
Mickdee
Posts: 2,230
Off Topic
Opinion:No Opinion
Price:0.475
Oma
Sat 18:03
I was very particular to include the last line that my figures were based on the last year so pointless going back through the history to 2011. How long have you been on this LSE BB?
Now here is something you are not normally familiar with - an honest statement and you can print it off and stick it where ever you like.
Yes. I have been in the days since not only 16p but 20p although I never paid that amount. Yes. I have bought and averaged down and my average is now below that of the Directors. So now everybody knows if the price goes above .8p and I say I'm in profit then I have already stated my average is below that. Now on the other hand if I use your method I'd just babble away and tell everyone as you have a history of doing so that you bought at the bottom and sold at the top. The only difference is that unless we drop to your much proclaimed drop to .1p we know the truth
OMADAWN
Posts: 1,577
Off Topic
Opinion:No Opinion
Price:0.475
RE: MD250/MD51-2
Sat 17:45
DBW,

Your clearly upset by being taking in by Chen.

Oma
OMADAWN
Posts: 1,577
Off Topic
Opinion:No Opinion
Price:0.475
RE: Share dealings
Sat 17:21
Mickdee,

You have been here since June 2011 at an SP of 16p and post exclusively on RRL. The price has since fallen 96.8% almost a total wipe out. I have no doubt you have averaged down and the price never rises above your average, throwing more money to Lanadu and now LO.

On the other hand, LGO and TRIN have rewarded with me with over £350K. A total wipe out of FRR such as you are nearing in RRL, would still leave me in profit.




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