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Range Resources Ltd Share Chat (RRL)



Share Price: 0.73Bid: 0.71Ask: 0.75Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.04Spread as %: 5.63%Open: 0.72High: 0.75Low: 0.72Yesterday’s Close: 0.73


Share Discussion for Range Res. (RRL)


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Youngbuck87
Posts: 762
Off Topic
Opinion:No Opinion
Price:0.82
Very tight spread
5 Nov '14
Whats the reasoning?
 
Youngbuck87
Posts: 762
Off Topic
Opinion:No Opinion
Price:0.82
View Thread (5)
Smokinjoe
5 Nov '14
Joe,

That's because they don't have a holding, and are looking for a lower entry point, hence the low SP "predictions".
smokinjoe
Posts: 3,511
Off Topic
Opinion:No Opinion
Price:0.82
View Thread (5)
RE: Two Case Studies
5 Nov '14
Lewis....I agree with you on lots of points.. but I also think the negativity on this board also affects the shares.. new buyers are put off.. cannot understand why people do not sell if they hate the share so much....
vanguard
Posts: 816
Off Topic
Opinion:No Opinion
Price:0.82
BOPD
5 Nov '14
If we use our new found wealth correctly, get the rigs up and running, hope for the best from waterflood, put LOs and the boards expertise to good use what do you think the BOPD may be at this time next year 2000+ ? or s this a conservative guesstimate
lewisycymoedd
Posts: 1,910
Off Topic
Opinion:Strong Buy
Price:0.82
View Thread (5)
RE: Two Case Studies
5 Nov '14
Suspect there are several things that affect share price:
1. Performance of company. Profit basically. Happy with way it is going, but very early days and will be more "brown envelope" days like permit delays and petebo "why say it is operational when I just saw rig on the beach at Morne Diablo sunning itself with crew?" questions. So tend to agree with cb that shares not worth a lot per se till things are proved to be happening.
2. Assets of company. Said by others to be worth 1.4p a share before these extra shares.
3. Confidence in BOD and strategy going forwards.

I am sure many of you know that you can sit in a board room and the share price can move widely and you are left wondering why. Shareholder value is something you care about a lot, particularly if you have skin in it (copywrite Hill-Wood) but all you can do is do your jobs to best of ability, set targets, try and hit them and hope one day you will get a return on your share options.
bountyhunter007
Posts: 895
Off Topic
Opinion:No Opinion
Price:0.82
View Thread (2)
RE: Trinidad rigs
5 Nov '14
Range have been one of very few lucky companies where executives don't have to give reasons for hold ups, extended delays and failures. There are quite a few holders who are willing form their own hypothesis for failures, and promote them on various boards.
lewisycymoedd
Posts: 1,910
Off Topic
Opinion:Strong Buy
Price:0.82
View Thread (6)
RE: Bury the Hatchet?
5 Nov '14
Yes, it was bewareshadows. If I am going to predict fireworks, today is a good day. :-)
Rexco
Posts: 2,622
Observation
Opinion:No Opinion
Price:0.82
View Thread (2)
Trinidad rigs
5 Nov '14
In my opinion the delay in sign offs is down to the lack of a STOW and the need to ensure the operational rigs are safe.

The Lind loan should emable RRL to cover any necessary safety considerations.

The new operations management should give Petrotrin confidence in the quality of the operating company going forward and drilling work and production should increase month on month in future.

Finally the water flood is now funded and RRL should have no hold ups there. So here is hoping our luck will change in 2015.

GLA
Youngbuck87
Posts: 762
Answer
Opinion:No Opinion
Price:0.82
View Thread (4)
RE: YB
5 Nov '14
Carve,

That link is the one i posted to you yesterday? The exceptions listed are;

an acquisition that results from an acceptance of an offer under a takeover bid (item 1 of s611)
an acquisition approved by a resolution of the company in which the acquisition is made (item 7 of s611)
acquisitions of no more than 3% in every 6 months (the 3% "creep" exception in item 9 of s611)
an acquisition that results from a rights issue (item 10 of s611)

Which i don’t think have any relation to the MOU?

With respect to the SP & 1p, you never did answer my question in regards to the 0.006 to 0.027 increase? Some 450% increase on the back of the last 1p funding placement at 1p? And with increasing production and now fully funded for the foreseeable, which FACTS can you give me to support your comments? Not fantasy world, but hard facts? Btw, I’m not saying this is going to hit .027 again, but then again I’m not saying it couldn’t, Also I’m not making judgment based on pure fantasy and delusion either...so i guess that’s where we differ.

Carve, btw, after youve spent so much time on here, what is your holding and avergae?

Thanks
Jimmyrobby85
Posts: 54
Off Topic
Opinion:No Opinion
Price:0.82
View Thread (4)
RE: YB
5 Nov '14
carvegyber, you are always pretty negative lol.

Saying the SP won't go above 1p until production increases is a silly comment. Nobody knows what will happen on AIM

Speculation can contribute to the SP a lot more than actual facts and figures from Trinidad. Look at Range when it found "oil" in Puntland... Yes I know or when it "sold" Texas... yes I know or even when Georgia was about to sell for $30 mil plus.. I know.

The point I'm making is that there's a multitude of things that could move the SP above 1p and they don't even have to be facts but rumours can also do it. Remember we are looking to offload two assets at the moment.

Also we need to look at this, in the wider picture

Trinidad - Finally has funding and a lot of it, well nearly.. lets wait for official confirmation first.
Debts - Range won't have any debts
II It will have a large % of institutional investors
It now has an oil experianced corporate team
They still have two assets up for sale with no rush on needing to push them through or reliance on this funding
Waterflood on the way with LO?
With the monies available to drill from LIND we should see an increase in BOPD and this debt is to be re-paid with the new funding.

However

Are the rigs capable of the works needed in Trinidad?
Are the teams capable?
what do we know about our funding partners?
issues with selling off assets?
how will the monies be spent?
no FDP?
Sign offs are slow with Petro??

As always anything could happen next, this funding has given me more hope though. Without it we was rowing against the tide with no money and no way in increasing production.

Lots of positives and negatives on the company at the moment and anything could happen over the coming months. Lets hope that this funding has put an end to any new debts and a start to an increase in BOPD and drilling in Trinidad as all of this will contribute to a raise in SP.

As always all we can do is gather what information we have and make educated decisions on if to buy or sell..



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