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Range Resources Ltd Share Chat (RRL)



Share Price: 2.00Bid: 1.95Ask: 2.08Change: -0.055 (-2.68%)Faller - Range Res.
Spread: 0.13Spread as %: 6.67%Open: 2.00High: 2.00Low: 2.00Yesterday’s Close: 2.055



Share Discussion for Range Res. (RRL)


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Celticheart
Posts: 5,138
Observation
Opinion:Strong Buy
Price:2.11
View Thread (2)
Analyst view
8 Jul '14
I particularly like this quote:

'Range’s interest in Trinidad represents a low-risk, low-cost, high-profit production asset base, with exploration upside and potential for enhanced recovery,' says analyst Emily Ashford.
'In our view, the reservoirs are shallow and well understood with geological risk being virtually zero, given the volume of historical drilling in the region.'

Read more: http://www.dailymail.co.uk/money/investing/article-2683395/New-management-fresh-approach-strategy-Range-Resources-focus-doubling-production.html#ixzz36r0e0Ti0
 
Celticheart
Posts: 5,138
Observation
Opinion:Strong Buy
Price:2.11
Youngbuck87
8 Jul '14
What was I saying :about the Golden Cross? :)
Youngbuck87
Posts: 602
Observation
Opinion:No Opinion
Price:2.11
Golden Cross
8 Jul '14
I'm no expert, but this is looking imminent to me, 50 SMA sitting at 1.215, 200 SMA sitting at 1.271. The 20/30 & 45 SMA have already crossed.
rameshprema
Posts: 13
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
lewis - math
8 Jul '14
That would be 4.34
wikkiman
Posts: 317
Off Topic
Opinion:No Opinion
Price:2.11
bountyhunter007
8 Jul '14
you still here buddy? what's this 5p talk. I thought u were selling when this reached 2p...
bountyhunter007
Posts: 732
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
RE: BH007
7 Jul '14
sounds about right, and also align with my 5P target price for remaining shares.
bountyhunter007
Posts: 732
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
RE: Offshore Puntland
7 Jul '14
Regarding Change of Buchanan's attitude I think we must congratulate RIG. It was impossible without them. Possibly now Buchanan is spending more resources on Range's account than they are paid for. But for them now its mission critical to protect their prestige, and business. The issue was rightly escalated by RIG to relevant regulatory authorities, with suitable evidences. It's likely that they got reprimanded informally. As long as SP appreciates i am least bother about Buchanan, but guess a lot must have happened or still happening in the background.
ErraticPhil
Posts: 1,439
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
Correspondence update
7 Jul '14
For those interested, today's letter to Range is now available on the RIG website:
www.rangeinvestorgroup.com
The specific thread here, for ease of navigation:
http://rangeig.boards.net/thread/289/letter-rory-scott-russell-july
bountyman
Posts: 1,101
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
BH007
7 Jul '14
I think... may be wrong at our peak we were around £265m MCap. 1.2b shares around 24p... I think. Equates to around 5.5p nowadays (roughly).

(If i'm wrong, apologies)

KRO
bountyman
Posts: 1,101
Off Topic
Opinion:No Opinion
Price:2.11
View Thread (2)
Offshore Puntland
7 Jul '14
Emailed Buchanan on this and got confirmation that whilst no PSA in place we still appear to have something in principal in place pending resolution of the political issues over there.

Helen referred me to the Nov 2013 quarterly report and that nothing had changed since.

Good news as that could be huge long term. PL could have put in place some strong building blocks for RSR to exploit.

Think it is going to be a fun couple of years.

Buchanan seem very keen to provide a proper investor relations function now. Maybe we are turning into a proper company.

KRO



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