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Range Resources Ltd Share Chat (RRL)



Share Price: 0.35Bid: 0.33Ask: 0.37Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.04Spread as %: 12.12%Open: 0.37High: 0.37Low: 0.35Yesterday’s Close: 0.35


Share Discussion for Range Resources Ltd


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Celticheart
Posts: 9,703
Observation
Opinion:Strong Buy
Price:0.31
View Thread (2)
The answer
18 Mar '16
OK have answered my own question because the MMs moved the ASK to 0,4 so that they now look like Sells, sneaky!
 
Celticheart
Posts: 9,703
Observation
Opinion:Strong Buy
Price:0.31
View Thread (2)
A question
18 Mar '16
With a tight spread of 0.31/ 0.32 how on earth can trades of .3384 be showing as Sells?
Celticheart
Posts: 9,703
Observation
Opinion:Strong Buy
Price:0.32
1.2 Million late Buy
17 Mar '16
Nice late Buy: 7-Mar-16 16:35:03 0.32 1,200,000 Buy
OilMonster
Posts: 88
Off Topic
Opinion:No Opinion
Price:0.32
Payment terms
17 Mar '16
Cheers
OMADAWN
Posts: 1,602
Off Topic
Opinion:No Opinion
Price:0.32
RE: Payment terms
17 Mar '16
The terms have been 12 months during 2015, hence they are recorded correctly in the accounts.
OilMonster
Posts: 88
Off Topic
Opinion:No Opinion
Price:0.32
Payment terms
17 Mar '16
Lets not forget payment terms with LO are 720 days... The LO debt should really be revorded under Non-Current liabilities rather than current - if indeed the circa $18m current liabilities are related to LO - one for Mr Beattie!
OilMonster
Posts: 88
Off Topic
Opinion:No Opinion
Price:0.32
WTI CRUDE
17 Mar '16
Looks to test $42....
OMADAWN
Posts: 1,602
Off Topic
Opinion:No Opinion
Price:0.32
RE: RRL VS GKP
17 Mar '16
Your correct in that RRL has little debt, short term liabilities are however high at $18M relative to a deteriorating cash balance, most of which ($15.5M) is currently ring fenced.

The problem is that RRL can’t finance its’ activities from current revenues even if oil price goes higher. It has to take on debt to recover the oil, the net revenues from which are not sufficient to repay that debt at current POO.

If you apply a time dimension to the accounts RRL would be in the same position as many other oilers, with debt that is preventing expenditure on further development.

If the $18M short term liability was not there it would have cash to develop the assets and become self financing as oil price increases.

As I have said before LO benefit before shareholders do. I suspect they are owed a substantial amount of this money. They get paid and re-cycle the same.
OilMonster
Posts: 88
Off Topic
Opinion:No Opinion
Price:0.32
WTI CRUDE
17 Mar '16
@ $41.30 only a month back when crude was $30 we were trading at these levels - crude now up near 40% and this stock is down/unchanged despite positive reports on drilling, etc.
Anyone explain?
jeffry
Posts: 3,076
Off Topic
Opinion:No Opinion
Price:0.32
RRL VS GKP
17 Mar '16
looks what happened to GKP, despite large assets, but due to huge debt, mcap been dropping maasively.

RRL, although do have small debt, they are linked t o our performance and closely related to our majority shareholders. hence, long run RRL can recover better.

oil price above 40 now, RRL was 0.5p last year when oil around 40




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