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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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OilSpill
Posts: 363
Off Topic
Opinion:No Opinion
Price:0.27
RE: SP
23 Feb '16
reduce the spread, why is it so wide. Limits?
Reduce the spread and let RRL SP takes it's chances.
 
OilSpill
Posts: 363
Off Topic
Opinion:No Opinion
Price:0.27
UKOG
23 Feb '16
off to the races....
good luck to em....! nice to see a small oil company rise..!
Kiplingcakes
Posts: 3,414
Off Topic
Opinion:No Opinion
Price:0.27
Rrl working on sinosure completion
23 Feb '16
Announcement will be the next factor to move this stock imo
Kiplingcakes
Posts: 3,414
Off Topic
Opinion:No Opinion
Price:0.27
RE: Funding explained - BUY
23 Feb '16
Rexco,

That is straight from range IR!

As for your shareholders comment.... When do shareholders not take the majority of risk?

If you are going to make smart comments, try and be smarter....

Xx
OilSpill
Posts: 363
Observation
Opinion:No Opinion
Price:0.27
RE: iii Peally
23 Feb '16
OPEC will win this Mexican stand off as they know what's involved with shale production. Don't underestimate OPEC as shale, in tow parts, had been the boom which kick started this oil production glut and I will be the US that suffers in the end. The freeze had been a placebo and there will be no cut in production they will create more storage, they have even agreed terms with India to store oil in the foreseeable future in return for free oil.
Shale, banks nad services to the oil sector and beyond will suffer which will all be reflected in the SP of oil companies and the investors, II's ETC.....
RRL need the financial deal to be on the table, sooner the better.
Rexco
Posts: 2,989
Off Topic
Opinion:No Opinion
Price:0.27
RE: Funding explained - BUY
23 Feb '16
This is why Oma always says that you are not fully funded unless you have sufficient cash to pay for your plans.

However you can say Range has sufficient finance agreed to meet their plans.

It is the shareholders who are taking the majority of the risk.
Rexco
Posts: 2,989
Observation
Opinion:No Opinion
Price:0.27
RE: Funding explained - BUY
23 Feb '16
You really need to do your research first before commenting.

Sinosure does not provide finance as such but is the Chinese Export Credits Guarantee Department (CECGD). They provide guarantees to those Chinese companies providing credit to overseas companies. It is LandOcean who wants Sinosure involved because it is Sinosure who will guarantee LandOcean and come after Range if Range fail to meet their credit obligations.

So RRL's management has to ensure the company cash flow will be sufficient to repay LandOcean after 2 years which will include meeting their interest costs.

In other words Range do not have the cash to carry out all their plans and are dependent on making sufficient profit from production to fulfil their plans.
OilSpill
Posts: 363
Off Topic
Opinion:No Opinion
Price:0.27
Wall Street
23 Feb '16
opens lower as oil rally falters.
OilSpill
Posts: 363
Off Topic
Opinion:No Opinion
Price:0.27
London Stock Exchange
23 Feb '16
in merger talks with Deutsche Boerse...

London Stock Exchange (LSE) has confirmed merger talks with Germany's Deutsche Boerse.

Shares in the LSE soared 17% after it said it was in "detailed discussions" with the German company about a "merger of equals".

Both companies said all their key businesses would continue to operate under their current brand names.

It is the third time the LSE and Deutsche Boerse have attempted to merge, first in 2000 then in 2004-5.

Shares in Deutsche Boerse were up 7%.
http://www.bbc.co.uk/news/business-35639157
OilSpill
Posts: 363
Off Topic
Opinion:No Opinion
Price:0.27
iii Peally
23 Feb '16
very good summary and it shows just how easy some interpret the news flow atm, be careful...

"CH: "Oil is going to rebound hard within the next couple of years"....

While this may be true, that's certainly not what either the IEA report, or your linked article state or imply Celtic.

From the BBC take on the arcticle:
http://www.bbc.com/news/business-35629420

The IEA said: "Only in 2017 will we finally see oil supply and demand aligned but the enormous stocks being accumulated will act as a dampener on the pace of recovery in oil prices when the market, having balanced, then starts to draw down those stocks."

So they're only predicting any recovery to start around the end of 2017 - the spike (or "rebound hard" they are predicting could be 5 years out:
"The International Energy Agency (IEA) is warning consumers not to let cheap oil lull them into a false sense of security amid forecasts of a price spike by 2021."

Puts a slightly different complexion on it.

Personally I'm more bullish than that myself as well, but I wouldn't presume to know better than the IEA, or to put words in their mouth....

It does seem that this next year or so could be seen as a period of extreme opportunity, for any company able to weather that storm for the next 1-2 years.

Peally "




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