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Range Resources Ltd Share Chat (RRL)

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Share Price: 0.245Bid: 0.21Ask: 0.289Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.079Spread as %: 37.62%Open: 0.245High: 0.00Low: 0.00Yesterday’s Close: 0.245


Share Discussion for Range Resources Ltd


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OilSpill
Posts: 58
Observation
Opinion:No Opinion
Price:0.245
False Dawn
Today 13:34
Oil price recovery will be short-lived, says IEA,
A recent rise in oil prices is a "false dawn" and the oversupply of crude is set to worsen, according to the International Energy Agency (IEA).

The IEA said in a report that a surplus of supply compared to demand in early 2016 was greater than it predicted.

It now expects oil stocks to grow by two million barrels a day in the first quarter and 1.5 million barrels a day in the following three months.

Demand will fall to 1.2 million barrels a day this year, the IEA said.

In January, Brent crude touched a 13 year-low of $27.67, but has since recovered to $33.23. However, prices are far below the post-financial crisis peak of $112 a barrel, reached in June 2014.

Demand is expected to slow from the 1.6 million barrels a day seen in 2015, "pulled down by notable slowdowns in Europe, China and the US".

The IEA forecast that stock building could continue in the second half of 2016 at a rate of 300 million barrels a day. It said: "If these numbers prove to be accurate, and with the market already awash in oil, it is very hard to see how oil prices can rise significantly in the short term."

The think tank questioned whether the recent rise in prices was a "false dawn" and concluded that a number of conditions increased the risk of weak oil prices.

These included doubts that Opec, the oil cartel, was in talks with other oil producing nations to reduce supply.

It also quashed speculation that Opec nations would cut output this year, stating that output from Iraq reached a new record in January. Iran has increased production ahead of sanctions being removed and preliminary data suggested that Saudi Arabia's shipments had increased.
 
OilSpill
Posts: 58
Off Topic
Opinion:No Opinion
Price:0.245
Buys
Today 12:46
With the lack of volume it would appear that readers have read and taken note of the SP manipulation "Small trades" theories. Probably even prevented holders averaging down, yes the market is bad but from what I have read here and on iii this is mainly a LTH's play and would have expected slightly more interest at these levels, which is of concern.
I noticed a lot had thrown in the towel and have dusted themselves down and have either called it a day investing in AIM stock or have re-invested what was left of monies elsewhere as they see fit.
OilSpill
Posts: 58
Off Topic
Opinion:No Opinion
Price:0.245
RE: Reply
Today 12:34
do you think investors should hold off buying whilst this matter of "smalls" are dealt with..? I really cant see how one can encourage people to buy if you think the small trades are causing 15% drops in sp at a time...
OilSpill
Posts: 58
Off Topic
Opinion:No Opinion
Price:0.245
RE: Reply
Today 12:29
yes, that's what normally comes back I have seen this a few times on here, LSE and iii BB.
Celticheart
Posts: 9,111
Observation
Opinion:No Opinion
Price:0.245
View Thread (2)
Reply
Today 12:20
I have had a reply from Range Investor relations that says " Thank you. We will action this matter as appropriate."
OilSpill
Posts: 58
Off Topic
Opinion:No Opinion
Price:0.245
RE: Small manipulative trades
Today 12:15
oh I see, so it was all just a conspiracy theory and no more than that. I thought posters , holders had done this before and absolutely nothing come of it, in fact the conspiracy theory just got worse and worse.
I find it hard to believe that genuine holders are taking this stance as it does not do anything to promote this stock...
so some investor can buy say 1mill shares then some trades go through for say £20 quid each and the sp falls 15 > 20%...! wow...
imagine buying a few million of these only to be out of pocket by a 20 quid sell...!
One may well just buy a few hundred then place a large short position just before selling the holding.
Celticheart
Posts: 9,111
Observation
Opinion:No Opinion
Price:0.245
RE: Small manipulative trades
Today 11:48
I have raised the question with Range's investor relations department and asked them to look into the matter as that seemed the most reasonable course of action to take. They can decide if this is an issue worth addressing or not.
OilSpill
Posts: 58
Off Topic
Opinion:No Opinion
Price:0.245
RE: Small manipulative trades
Today 11:43
I'm intrigued as to who you suspect is responsible for the continual demise in the SP. You must have some very strong suspicions to reach such a conclusion and make these accusations. Unless it is someone you know or work with I find it impossible for you to even contemplate such theories never mind put it writing on forum where potential private investors, II’s, MM’s may well read. Surely scaremongering such as this would serve no purpose on a public forum used to promote a company shares at such low prices.
I wonder when you do eventually find out, accept, who it is that is really making these small trades that you do come back here to let us all know so that the conspiracy theory can finally be consigned to the rubbish bin.
Since you mentioned it and as you stated it should not take long to find out so can we expect these proceedings to come to a conclusion in the very near future?
To date no poster had really come back with any real substantial findings or collaborated evidence that had convinced any higher authorities' that the behaviour you suggest is actually happening or indeed happened. If it does come back that it is II housekeeping / window dressing then how do you suppose the private investor tackles this going forward or would it be prudent to avoid this stock....?
thanks,
OS
Celticheart
Posts: 9,111
Observation
Opinion:No Opinion
Price:0.245
Small manipulative trades
Today 09:14
It is high time that these small cynical trades were looked into properly, whoever is behind these (and I have my suspicions like most) they are disproportionately affecting the sp. If that is not market manipulation then what is?Surely it would be simple enough with so few trades to identify who is behind this.

Just two trades so far today for approx. £10 each and the sp falls 15% utterly ridiculous
OilSpill
Posts: 58
Off Topic
Opinion:No Opinion
Price:0.245
RE: small trades
Mon 18:16
Mickdee, If you strongly believe this SP is being manipulated then I think it only right that you should warn potential investors as they could well lose their life savings because this of this behaviour. However you do not you actually defend the SP by trying to create excuses that others want in cheap and therefore are trying to bring the SP down with small trades.
But how cheap and how low you and others never state as you cannot simply because don’t seem to recognise this fall as real, you seem to mask it as if were insignificant in the grand scheme of things when in fact the fall in SP had been significant and is very real. Attempts to mask this is futile and lacking any logical thought whilst also proving that they only manipulation lay in posts that seem to try a deter any logical thought to keep the conspiracy theory alive and well to appease those that have seen their choice of investment not perform in the manner that had been paraded before them.
A gambler never thinks his luck, bad luck, can get worse the gambler always thinks the luck will turn for the good.
This stance you have taken is not only illogical but contradictive and yet one you pursue it as a matter of course which is odd. One can only assume that you are unable to debate with any reasonable thought. You are very quick to try and make me look like I am somehow a part of the problems which you and other posters have contrived.
If I had thought for one minute that an investment that I had placed my monies in had been and continued to be manipulated I would report and would most definitely concentrate my efforts on getting answers from the people who are tasked with investing time and dedication to such crimes rather than spend my days on a BB professing as much, but it’s not my monies therefore with this in mind I will refrain from conversing with you and would like you to extend myself the same courtesy.
I mean you no harm and it is not my intention to insult you in any way but the lack of common sense alone is disturbing; however with that said I may well be wrong and RRL's SP had indeed been manipulated and is continued to be manipulated although In either case both circumstances make this a bad investment and just maybe in your on way, as with other posters who take the same stance, have done enough to deter new investors with your theories which I admire

Thank you,
OS




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