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Range Resources Ltd Share Chat (RRL)



Share Price: 0.475Bid: 0.46Ask: 0.49Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.03Spread as %: 6.52%Open: 0.46High: 0.50Low: 0.46Yesterday’s Close: 0.475


Share Discussion for Range Resources Ltd


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Kiplingcakes
Posts: 3,414
Off Topic
Opinion:No Opinion
Price:0.305
RE: 27m bought today - up 12.79%
26 Feb '16
Some analysts and traders were pricing oil higher in the near-term.
Hans Van Cleef, senior energy economist in Amsterdam for ABN Amro, said Brent's break above the $36.25 technical resistance indicated "more short covering in the coming days."
Jeffrey Grossman, dealer at New York's BRG Brokerage, said he expected U.S. crude to trade at over $40 by end of March.
Strong gasoline demand in the United States, and an upward revision to the country's economic growth for the fourth quarter, helped boost expectations of oil consumption.
 
OilSpill
Posts: 363
Off Topic
Opinion:No Opinion
Price:0.305
Choppy
26 Feb '16
US oil erases gains, closes at $32.78 a barrel.

U.S. crude closed lower in choppy trade, but still recorded weekly gains, as supply disruptions in Iraq and Nigeria provided supported.

Pipeline outages in Iraq and Nigeria have removed more than 800,000 barrels of crude oil per day from the market for at least the next two weeks. The disruptions should offset recent increases to supply from Iran, analysts said.
Also on Friday, oilfield services firm Baker Hughes reported the total number of rigs drilling for crude in the United States fell by 13 to a total of 400 in the previous week. At this time last year, there were 986 rigs in U.S. fields.

U.S. stock prices hit their highest in nearly two months after an upward revision to the country's economic growth for the fourth quarter. A raft of other U.S. economic data also boosted Wall Street, which has traded in tandem with oil for weeks.

"Equities have been in a rally mode and with the technical picture for oil becoming bullish in the short term, we have a risk-on trade in crude," said Chris Jarvis at Caprock Risk Management, an energy markets consultancy in Frederick, Maryland.
Brent crude futures were trading at $35.12 a barrel, down 17 cents from their last close, but rose to $37 earlier in the session, the highest since Jan. 5. For the week, Brent was up about 7 percent.

U.S. West Texas Intermediate (WTI) crude futures for April delivery closed 29 cents lower, at $32.78 a barrel, but still managed to gain about 3 percent for the week.

Some analysts and traders were pricing oil higher in the near-term.

Hans Van Cleef, senior energy economist in Amsterdam for ABN Amro, said Brent's break above the $36.25 technical resistance indicated "more short covering in the coming days."

Jeffrey Grossman, dealer at New York's BRG Brokerage, said he expected U.S. crude to trade at over $40 by end of March.

Strong gasoline demand in the United States, and an upward revision to the country's economic growth for the fourth quarter, helped boost expectations of oil consumption.
http://www.cnbc.com/2016/02/25/oil-prices-dip-on-oversupply-despite-news-of-meeting-to-freeze-output.html
OilSpill
Posts: 363
Off Topic
Opinion:No Opinion
Price:0.344
rig count
26 Feb '16
Rexco
Posts: 2,989
Off Topic
Opinion:No Opinion
Price:0.344
Still a long way to go
26 Feb '16
This is just a small start and nothing to write home about.

You would need to multiply this share price by 10 just to get back where I started.

That said hopefully this is the start of the long march back to a decent share price and a company worth investing in.
OilSpill
Posts: 363
Off Topic
Opinion:No Opinion
Price:0.305
oil
26 Feb '16
what a day! had a good day on another oily and it makes a nice change to RRL joining in instead of the normal bad days eh..
US GDP helping out, but still need oil to get through $38..then I'll break out the cupcakes and have some nice tea.

I'm sure normal service will resume at some point though until then it may well be worth keeping an eye on to try and make a more monies....

good luck...
Kiplingcakes
Posts: 3,414
Off Topic
Opinion:No Opinion
Price:0.344
View Thread (2)
27m bought today - up 12.79%
26 Feb '16
Excellent progress.

Next up 0.5p then back to 0.8p placing.

Oil storming, not spilling, today ;-)
Kiplingcakes
Posts: 3,414
Off Topic
Opinion:No Opinion
Price:0.33
Oil up 4% !!!
26 Feb '16
After that gdp figure from the USA

Risk on

Here comes 0.4p
Kiplingcakes
Posts: 3,414
Off Topic
Opinion:No Opinion
Price:0.33
USA GDP!!!
26 Feb '16
1.0% vs 0.4% expectation

Huge beat for the analysts

Up goes oil and Rrl

0.4p close

Huge buys coming in, nice and steady!
bountyman
Posts: 1,434
Off Topic
Opinion:No Opinion
Price:0.33
Buys
26 Feb '16
Seems to be a serious amount of buys going through at the full Ask - I am always dubious as to whether these were masked sells from when the spread was higher.

Think Range has worn me down in a lot of ways.

KRO
Kiplingcakes
Posts: 3,414
Off Topic
Opinion:No Opinion
Price:0.33
View Thread (2)
RE: WOW
26 Feb '16
He's clearly very bitter he missed he boat..

Ah well! ;-)




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