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Range Resources Ltd Share Chat (RRL)



Share Price: 1.95Bid: 1.97Ask: 2.05Change: -0.105 (-5.11%)Faller - Range Res.
Spread: 0.08Spread as %: 4.06%Open: 2.00High: 2.01Low: 1.95Yesterday’s Close: 2.055



Share Discussion for Range Res. (RRL)


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lewisycymoedd
Posts: 1,246
Off Topic
Opinion:No Opinion
Price:2.20
View Thread (2)
RE: 2.17
8 Jul '14
I know Rob:-) Apparently that was the old math - before the days of Range and Golden Crosses.
 
rob295
Posts: 1,920
Off Topic
Opinion:No Opinion
Price:2.20
View Thread (2)
2.17
8 Jul '14
2.17 doubled is 4.34?
lewisycymoedd
Posts: 1,246
Off Topic
Opinion:No Opinion
Price:2.15
View Thread (2)
RE: lewis - math
8 Jul '14
Not sure you are using up to date maths, rameshprema. 600 doubled is 1000, 2.17p doubled is 3.9p. And nobody dare challenge the maths of a top accountant - least of all me..
abbos
Posts: 1,147
Observation
Opinion:No Opinion
Price:2.11
.
8 Jul '14
Big article on RRL in this is money today ( daily mail)
rob295
Posts: 1,920
Off Topic
Opinion:No Opinion
Price:2.11
12p
8 Jul '14
I am sure we will reach 12p again if only very briefly. Why? Because if trini is cash generative we can fund more drilling and go on to build a substantially profitable company. This is just the very beginning....
smokinjoe
Posts: 1,979
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
RE: SJ
8 Jul '14
Ls ... I Know and its getting more exciting by the day... I think thisis only just the start.. I expect 10 by end of the yr.. even thou 20p short term has been mentioned....The future is bright... very bright...GL..
LordSnooty
Posts: 4,126
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
SJ
8 Jul '14
300% up and counting. Read my post below, I'm not saying there isn't much more upside, I'm saying it's already a 3-bagger.
smokinjoe
Posts: 1,979
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
RE: As Usual
8 Jul '14
LS... the party has not started yet...
LordSnooty
Posts: 4,126
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
As Usual
8 Jul '14
The media comes late to the party, if not when people are getting their coats, at least after the canapés have gone around.
Still, this will probably be an orgy by the time it's finished...
PeaDog
Posts: 386
Off Topic
Opinion:Strong Buy
Price:2.11
View Thread (2)
RE: Analyst view
8 Jul '14
I like these quotes from the MailOnline:

A back of the envelope calculation suggests that even at a rather a pessimistic US$15 a barrel ‘netback’ the group should be close to covering its costs at 1,000 barrels a day.
Analysts suggest the netback is more likely to be US$16-25 a barrel.
Scott Russell won’t be tied down to a longer term target, principally because he isn’t sure just how much money he will be able to secure as debt.
But it is fair to say 2,500 barrels looks like an achievable near-term target.
Range isn’t totally devoid of excitement - even though management’s mantra is that 'boring is the new exciting'.
In the last round it picked up the St Mary’s Block and it is farming into Niko Resources’ Guayaguayare acreage on the south-east coast of Trinidad.
With this acreage position and P2 reserves of 22 million barrels, Range has come from nowhere to be the biggest private onshore operator on the Caribbean island.

The shares, currently changing hands for 2.2p each, are up around 80 per cent since Scott Russell joined in February this year.
But with a price target of 3.7p a share, Cantor Fitzgerald believes there is further significant upside.

Read more: http://www.dailymail.co.uk/money/investing/article-2683395/New-management-fresh-approach-strategy-Range-Resources-focus-doubling-production.html#ixzz36r5YCWue
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