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Range Resources Ltd Share Chat (RRL)



Share Price: 0.3845Bid: 0.359Ask: 0.41Change: 0.019 (+5.20%)Riser - Range Res.
Spread: 0.051Spread as %: 14.21%Open: 0.355High: 0.3845Low: 0.351Yesterday’s Close: 0.3655


Share Discussion for Range Resources Ltd


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Trumploudly
Posts: 94
Off Topic
Opinion:No Opinion
Price:0.36
RE: British Bulls
26 Jul '16
Celtic you only ever post positive charts. Oilspill only ever provides negative charts. What neither of you provides is any balance, and prospective investors should be very wary of both of you.
 
ChickenChallenge
Posts: 639
Off Topic
Opinion:No Opinion
Price:0.36
View Thread (3)
RE: British Bulls
26 Jul '16
No one has produced a chart that has proved reliable that I can remember. Claims of resistance and channels have all proved to be rubbish for RRL.
Celticheart
Posts: 10,267
Observation
Opinion:Strong Buy
Price:0.385
British Bulls
26 Jul '16
It seems that some just called the bearish pattern wrong this time:

Market Outlook: It was definitely a day of high anxiety for shorts watching the sudden bullish move. The bulls now have the upper hand in the market. This bullish enthusiasm caught us off guard without the forewarning of a bullish pattern. Our previous SHORT signal didn't work out. This happens. Sometimes, candlestick patterns falter. We owe you an apology for that, but this is exactly what we have the stop loss mechanism for. The bullish stop loss of the last bearish pattern is triggered today.
Celticheart
Posts: 10,267
Observation
Opinion:No Opinion
Price:0.385
Two RNS today
26 Jul '16
Good to see the company strengthening its trading policy with regard to insider dealing. Also another expiry of options, 476,190 this time. Small amounts maybe but they are all shares that would count towards our overall volume.
Celticheart
Posts: 10,267
Observation
Opinion:Strong Buy
Price:0.385
View Thread (2)
Can oil recover to 100 USD a barrel
25 Jul '16
�Current spare capacity is confined mainly to Saudi Arabia and we believe that the prospects for capacity growth elsewhere within Opec are limited � indeed some of the more peripheral producers (including Venezuela, Algeria and Ecuador) are likely to see output decline this year."

http://www.telegraph.co.uk/business/2016/04/16/can-the-oil-price-ever-recover-to-100/
Rexco
Posts: 3,039
Observation
Opinion:Buy
Price:0.385
RE: 5 p target
25 Jul '16
RRL will need to transform from a recovery stock to a fully operational stock before we find out what the markets consider to be fair value for RRL shares. Until then they will be subject to a lot of volatility due to the continuing uncertainty in the timing of the recovery and the trading games.

At the moment we have to be patient and recognise that the BOD have to do a balancing act until the water flood production comes on stream. They need to be seen to be actively drilling to keep the Trinidad Government happy whilst ensuring that they do not over extend themselves. Good cost management is essential.

Once the cash flow increases RRL will be able to ramp up the drilling campaign to increase production and proven reserves.

Of course the fact that they are using water flood will have the natural effect of increasing recoveries of all the reserves by 15% or more over all their proven oil fields.

Rather than guessing share price projections I prefer to wait and see what actually happens.

GLA
ShareInvestment
Posts: 1,868
Off Topic
Opinion:Strong Buy
Price:0.385
Technical analysis
25 Jul '16
I like technical analysis but in this case as Malcy has pointed out for the last few months the company seems to be on a turnaround and starting to deliver which in time will translate in our share price. Sit back and enjoy the positive news flow.
Celticheart
Posts: 10,267
Observation
Opinion:No Opinion
Price:0.385
Charting skills
25 Jul '16
Nice call on the charting this week and they say my TA is unreliable :)
bountyman
Posts: 1,618
Off Topic
Opinion:No Opinion
Price:0.335
Spread
25 Jul '16
Nice to see the bid jumped a bid today to 0.37p.

Should get an RNA soon about another batch of options expiring 25th July and also 29th July.

Could be half way down to the next drill as we speak.
Rumour mill started on the 3rd well and suggests only 2 to be drilled.

KRO
ChickenChallenge
Posts: 639
Off Topic
Opinion:No Opinion
Price:0.335
....
24 Jul '16
I doubt OilSpill is OmaLosses

Volume is too low on RRL to even think about TA. I can't think of anyone who has even posted one TA here which has proved to be reliable, which kind of proves it.




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