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Range Resources Ltd Share Chat (RRL)



Share Price: 0.67Bid: 0.65Ask: 0.67Change: -0.015 (-2.19%)Faller - Range Res.
Spread: 0.02Spread as %: 3.08%Open: 0.66High: 0.67Low: 0.61Yesterday’s Close: 0.685


Share Discussion for Range Res. (RRL)


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Jonno41
Posts: 71
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.74
Bountyhunter
27 Mar '14
Thanks for the advice. I unfortunately invested a long time ago. I agree with your comments.

My decision is to stay invested rather than sell. I do of course wish I had never invested in Range, and it is not that I am positive, more that there is so much information we do not know, I cannot believe it will all be negative.
 
DOGOF
Posts: 1,892
Premium Chat Member
Research
Opinion:No Opinion
Price:0.74
malcy's blog
27 Mar '14
snippet from blog, sorry if posted before

Anyone waiting for write-ups of recent visits, particularly to see Hurricane and Range, please don’t panic they are coming soon, its been a very hectic week or so one way or another for meetings and results, funny that with April just around the corner. If you are one of the many who have messaged me about Range (and I’ve never had more- even on GKP!) rest assured that I had a very good meeting with Rory Scott Russell and he certainly seems to know what the problems are…more v soon - See more at: http://www.malcysblog.com/2014/03/oil-price-afren-mediterranean-oil-gas-sundry-and-finally/#sthash.7a6YFm4r.dpuf
bhoyobhoy
Posts: 14
Off Topic
Opinion:Hold
Price:0.74
From Malcys Blog
27 Mar '14
"If you are one of the many who have messaged me about Range (and I’ve never had more- even on GKP!) rest assured that I had a very good meeting with Rory Scott Russell and he certainly seems to know what the problems are…more v soon"
bountyhunter007
Posts: 527
Off Topic
Opinion:No Opinion
Price:0.75
Jonno
27 Mar '14
I have only one piece of advice for you. If you are buying just because new management have joined the Compnay you need to be very careful as this is not a good reason to invest. There have been numerous instances when Companies' have failed after joining for new management. You need to understand for them its a WIN-WIN situation if they manage to turn it around it will give them some good points, but if it fails they will not lose their reputation as its well know ehat they inherited. On top on that in our case new CEO is very young so for him joining Range was a career progression and risk worth taking. Like some other said I am not very convinced about new CEO, I also think he is too young and doesn't have relevant experience. All his past work experience is doing managerial functions in cozy protected environment of gigantic MNC. Anyway good luck to you if you have already invested.
subterfuge
Posts: 80
Observation
Opinion:No Opinion
Price:0.75
Novice
27 Mar '14
It's not so easy for directors to buy when there is so much potential news out there. However, here's a fact....virtually all posters on here are currently sitting on a paper loss. Some just keep raking up the past to vent anger and make an excuse in what would appear a bad investment decision for them. Others look at the fundamentals and think that RSR and team will turn this company around eventually. Meanwhile dilution ( although unwelcome ) is the price we all must pay....oh, and of course the ongoing market negativity towards this. For me.....it's either believe that all is lost and move on or weigh up all the recent management changes that do give hope for Range's change in fortunes.

Personally, I will plum for the latter option every time.....and in reality so should the great majority of investors in here. RRL will come good, for sure.
gutreaction
Posts: 75
Observation
Opinion:No Opinion
Price:0.75
Reasons for optimism
27 Mar '14
Phase 1 and Q1 reports due soon, which should include:-
Update on South Quarry, is QU148 in prod and has QU149 been worked over, also has QU452 ascertained the limit of pay sands depth. QU452 is first drill in SQ since 2007 and as it managed to drill 1814 ft between 26/11/13 and 21/02/14, so I would hope so.
Update on OSP for 2 drilling Rigs & crews as stated by Range 26/11/13 to spud Nico licence before end Q1 & St Marys.
News of Rig 8's valiant attempt at a side track, plus the finalisation of the remaining Rigs PM program.
Cheer up everyone, this news vacuum can't last forever.
And as Spud said on WS, good luck especially to the "Locked In". (a club most of us have been automatically enrolled in.)
bountyman
Posts: 938
Off Topic
Opinion:No Opinion
Price:0.75
View Thread (2)
RE: I would be more confident...
27 Mar '14
Would wholly agree with you - but with so much potential news coming this would indicate the news is someway off (my understanding) and could be bad for the SP....

GL
KRO
Novice2009
Posts: 3,444
Observation
Opinion:No Opinion
Price:0.75
View Thread (2)
I would be more confident...
27 Mar '14
if the BOD or CEO actually bought some shares on the open market with their own cash, rather than giving themselves free options that will cost them nothing in real terms if they end up worthless or less than the option price!!!
carvegyber
Posts: 4,155
Off Topic
Opinion:No Opinion
Price:0.75
jet
27 Mar '14
You cynical boy......
JetJock
Posts: 59
Observation
Opinion:No Opinion
Price:0.75
View Thread (2)
RE: Jonno
27 Mar '14
And getting paid handsomely irrespective of results or performance, so no he's not mad...



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