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Angus Energy announces transformational joint venture with Cuadrilla & Lucas Energy
Aim-listed Mongolian explorer Petro Matad to drill four wells in 2018


Range Resources Ltd Share Chat (RRL)



Share Price: 0.175Bid: 0.15Ask: 0.20Change: 0.00 (0.00%)No Movement on Range Resources
Spread: 0.05Spread as %: 33.33%Open: 0.175High: 0.175Low: 0.175Yesterday’s Close: 0.175


Share Discussion for Range Resources Ltd


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Celticheart
Posts: 13,548
Observation
Opinion:No Opinion
Price:0.25
RE: If
5 Jan '18
I did think about the possibility of a new name too but this would probably have been seen as a form of deception, this BOD seem committed to an open and honest approach which is why I believe they kept the name, warts and all.
 
Mickdee
Posts: 2,602
Off Topic
Opinion:No Opinion
Price:0.25
RE: If
5 Jan '18
Yes. The company lost quite a few opportunities to make improvements at relisting including a new name. In some people's eyes RRL will always be tainted by Landau. They also missed the opportunity to consolidate. What might settle the trust issue is some success with waterflood. They made some very impressive claims on waterflood and these claims hit the buffers when they found they couldn't get enough water to the site and the existing electrical supply couldn't cope with the increased demand. The electricals are now sorted, more water becoming available and a move towards the figures previously claimed might do much for credibility
Celticheart
Posts: 13,548
Observation
Opinion:No Opinion
Price:0.25
Malcy's Blog / POO
5 Jan '18
Oil price
A pretty good week for the oil price as all sorts of pressures took their toll and in modest volumes. The rise yesterday was following the EIA inventory numbers for the last week of 2017 which showed a much bigger fall in crude stocks but an equally large rise in products. Crude fell by 7.4m barrels against forecasts of 4.5m and at Cushing by 2.4m barrels which the punters like. However, as expected by me earlier in the week, refinery runs went up again, this time to 96.7% a level not seen since 2005. Confused analysts saw gasoline stocks up by 4.8m barrels and distillates up by 8.9m which is why I was expecting the refinery run rise, the extreme cold weather will call for a lot of heavier product as soon as it can be moved.
Celticheart
Posts: 13,548
Observation
Opinion:No Opinion
Price:0.25
RE: I was invested here
5 Jan '18
Thanks for that, although I don't post on iii I do read occasionally and was really disgusted to read Punilux's post today claiming that I posted on here that the drop in sp yesterday was down to one 500 share trade, total fabrication.
1974bickers
Posts: 30
Off Topic
Opinion:No Opinion
Price:0.25
If
5 Jan '18
Yes, Range need to fully address the trust issue but not even sure they realize there is a trust issue !
Its a shame they didn't consider a name change whilst not trading, this might have given a fresh start

Saying all that bopd has risen in last 2x quarters by 10% each and a further 11% since then to 704 so going in the right direction

We just need to see a change in plans for 2018 and go after drilling close to that last one at 120 bopd a pop
And crude price keeps rising too which helps
Bickers
bountyman
Posts: 1,899
Off Topic
Opinion:No Opinion
Price:0.25
RE: I was invested here
5 Jan '18
Celtic, it is nice to see the POO above $60 as I think that is the point at which Range actually start making more money than they do at $50 due to the tax/royalties though I think it is marginal. Though I can£t honestly remember the exact figures as the Touchstone presentation (the only one I can find to hand) only runs up from $25 to $60.

I think there are green shoots of recovery as it currently stands and I certainly would be very happy to see a consolidation (possibly a small buyback whilst SP is effectively at an all time low) as it would certainly interest more people as a potential investment. Though I have previously asked Eva on this point and she confirmed that this was not something they were considering.

KRO

PS Whilst I don£t post on iii, I do not think that you should have been banned, regardless of how much you sometimes infuriate me.
Celticheart
Posts: 13,548
Observation
Opinion:No Opinion
Price:0.25
208 O&G year
5 Jan '18
Not directly related to Range of course but thought this article posted on another board (Aminex) was worth sharing, although it is primarily about Africa there are wider implications for the entire O&G markets worldwide:

https://www.businessdailyafrica.com/analysis/Year-holds-great-promise-for-oil-and-gas-industry---/539548-4251214-72t0ybz/index.html
Celticheart
Posts: 13,548
Observation
Opinion:No Opinion
Price:0.25
RE: I was invested here
5 Jan '18
Personally I would like to see some consolidation too as it would reduce the volatility and hopefully the spread but have not heard any indication to date that any is planned in the short term.
highlander1970
Posts: 2,182
Off Topic
Opinion:No Opinion
Price:0.25
RE: I was invested here
5 Jan '18
Trust is the biggest issue here for sure and you can't research that, you can only discuss.

I'll keep a weather eye on this for now and see how it goes before making any decisions on this one.

Production rising and truthful communication will be key.
Rexco
Posts: 3,055
Observation
Opinion:No Opinion
Price:0.25
View Thread (3)
RE: I was invested here
5 Jan '18
Personally I would not buy at present because there are too many intangibles and the company needs to get back the trust of its investors who have been stuck with this stock for far too long.

If things improve and production increases substantially (doubles) this year then there is hope that Range can be profitable enough to repay its debts. It will also depend on the performance of RRDSL in getting profitable third party contracts and also the Indonesian investment providing income.




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