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Range Resources Ltd Share Chat (RRL)



Share Price: 0.46Bid: 0.431Ask: 0.50Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.069Spread as %: 16.01%Open: 0.46High: 0.00Low: 0.00Yesterday’s Close: 0.46


Share Discussion for Range Resources Ltd


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Celticheart
Posts: 9,490
Observation
Opinion:No Opinion
Price:0.46
RE: Lowaball opening again
Today 08:56
I know they are not significant but they do create the illusion of us opening down which I am sure is the intent.
 
petebo
Posts: 1,599
Off Topic
Opinion:No Opinion
Price:0.46
RE: Lowaball opening again
Today 08:53
I have no idea who makes the small trades but on importance and relevance they rate on a par with Oma's views!
Celticheart
Posts: 9,490
Observation
Opinion:Strong Buy
Price:0.46
Lowaball opening again
Today 08:44
Now I wonder who put in the lowball trade just after 8:00 this morning to make us open down, thoughts anyone?
petebo
Posts: 1,599
Off Topic
Opinion:No Opinion
Price:0.46
RE: Help needed!
Today 06:47
Trumploudly. He said 'a few years' not 'two years' and it took only 7 months to reach $50.

The guy is loopy and obsessed to ramble on and make himself look foolish on a BB for a share he isnt even invested.
Trumploudly
Posts: 9
Off Topic
Opinion:No Opinion
Price:0.46
View Thread (3)
RE: Help needed!
Thu 22:40
Thanks Oma, honestly I always knew what you meant- and that when talking about 'low prices for a couple of years' you were clearly meaning months.

Some people on here stupidly thought that a 'couple of years' meant somewhere in the region of 24 months. But they are thick idiots unlike me and you.
OMADAWN
Posts: 1,557
Off Topic
Opinion:No Opinion
Price:0.46
RE: Oil price
Thu 21:59
So re my original statement, repeated below for clarity, no one is able to offer a counter argument...you must be disappointed

WTI oil of the type RRL produces is at $49.50, that is below $50, so I remain spot on in year 2.

Bid at .43p, so the decision to sell at .5p still spot on.

RRL receive $1 less than WTI and have to pay 18% additional of the total revenue per barrel at prices of $50 and above, so a slight tick up from here is an expensive .5$. Hence they had to do their b/e on G&A at $60.

LO now in total control of activities on the Island, a distant BOD for compliance etc.

Chen appears to have had a 12-month deal with SIBO, predominantly Sun’s money.

Assets disposal and Lind closed, leaving LO to concentrate on oil.

12 month terms requiring payment from now on, including the failed drills and the $2.5M outstanding from the original PO.

Finance year nearing close and probably managed so that debt liabilities just balance with cash, but exceed unrestricted cash, to avoid an Auditors, who are clearly complicit or incompetent judging by wider events.

Current drills not looking good if expectations are above 20 bopd a well.

Drills still standing idle

Seems that some have difficulty in acknowledging facts.
OMADAWN
Posts: 1,557
Off Topic
Opinion:No Opinion
Price:0.46
RE: Help needed!
Thu 21:47
She was pregnant in 2 consecutive calendar years, she started the process in one year and completed the process in another, so the process, lasted over 2 years.

If you need to know how and when the process was commissioned , I suggest you ask your friend
Trumploudly
Posts: 9
Off Topic
Opinion:No Opinion
Price:0.46
View Thread (3)
Help needed!
Thu 21:35
Oma,

A friend recently had a baby. She had a standard pregnancy, you know the sort- a 9 month one.

Just wondering if you would call that a 'couple of years' pregnancy? Or would that depend on whether she was pregnant from December- August...?

Awaiting your help in this most tricky of subjects...!
petebo
Posts: 1,599
Off Topic
Opinion:No Opinion
Price:0.46
RE: Oil price
Thu 21:17
You do post some tosh Oma. Only YOU banged on about a merger with Trinity about a year ago when Trin's SP was 15p. It is now 2.75p because of their poor acreage

Now compare that with Range's SP compared with a year ago which is about the same now as it was then. A merger win Trin, which only ever existed withinin your seriously flawed imagination, would have been a disaster for Range.

Your prediction probably took into account your ludicrous suggestion that OP would be remain below $50 for a few years.

I hope for your sake you are only investing with monopoly money.
OMADAWN
Posts: 1,557
Off Topic
Opinion:No Opinion
Price:0.46
RE: Oil price
Thu 21:01
CC

Let me explain as it is the same rules for RRL….it is quite simple, you can only reclaim your capital expenditure by reduced tax liability on production. You have to produce first, hence such a huge pot of money as oil has not been produced.

The $8M will be a refund of tax paid on production. Now check RRL’s accounts.

In RRL’s case they responded in the Q&A’s to say that they would not be producing enough to benefit from the enhanced fiscal regime within it current expiry window.( It may be extended) other operators primarily Touchstone, LGO and TRIN have benefited hence their costs per barrel are lower.

It was because of the tax benefits that TRIN was such an attractive M&A opportunity, which of course they missed and the $20M bond disappeared.




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