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Range Resources Ltd Share Chat (RRL)



Share Price: 0.56Bid: 0.56Ask: 0.60Change: -0.02 (-3.45%)Faller - Range Res.
Spread: 0.04Spread as %: 7.14%Open: 0.58High: 0.58Low: 0.56Yesterday’s Close: 0.58



Share Discussion for Range Res. (RRL)


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BhoyGeorge
Posts: 1,625
Off Topic
Opinion:No Opinion
Price:0.75
View Thread (7)
CelticChart
12 Jun '15
Celtic, could you post a chart showing where a technical analysis since we've relisted, indicates the RRL SP is heading.... much appreciated..
 
SaltDome
Posts: 608
Off Topic
Opinion:No Opinion
Price:0.75
View Thread (12)
RE: SP..
12 Jun '15
Chinese are good with figures, I suspect that's how the market perceives things, most honourable.
carvegyber
Posts: 5,389
Off Topic
Opinion:No Opinion
Price:0.75
View Thread (12)
RE: SP..
12 Jun '15
Rexco, I see that there are still a lot of misconceptions in the BBs about the last RNS stating that this is 'cashflow positive'.

That imo is very very misleading because the cash for "exploration and development" is now carried by LO. RRL doesn't have to stump up now but it doesn't mean it is not a cost. Last cashflow statement shows a revenue of $2.4m vs a cost in exploration & development of $3.5m. In summary, this is far from being profitable......

You have to bear in mind that the nature of its asset currently has very high depletion with wells initially spouting 100bpd quick declining to less than 10bpd and therefore, the exploration and development costs are very high because you cannot stop incurring those costs. Soon as you stop it, the production would drop off drastically.

imo, it is a very clever spin by DC and a very cynical one preying on people with limited accounting knowledge like you. Tread very carefully and if you have a choice, stand on the sidelines until you can see things clearly.
Celticheart
Posts: 7,334
Off Topic
Opinion:No Opinion
Price:0.75
SaltDomw
12 Jun '15
We get it, your a trader :)
SaltDome
Posts: 608
Off Topic
Opinion:No Opinion
Price:0.75
View Thread (12)
RE: SP..
12 Jun '15
question of time maybe but the SP is still declining...
Rexco
Posts: 2,690
Observation
Opinion:No Opinion
Price:0.75
View Thread (12)
RE: SP..
12 Jun '15
Obviously some can't read since the latest RNA's stated that Trinidad is in profit and so are the Colombia assets.

Just a question of time now.
theblue
Posts: 177
Off Topic
Opinion:No Opinion
Price:0.75
.80 placing
12 Jun '15
Please correct me if I'm wrong. But wasn't the massive placing for 35mil to China at .80
So surely these should be worth way more. Wouldn't want to be out of these small loss but going to stick around too much happening in near future
bewareshadows
Posts: 181
Observation
Opinion:Weak Sell
Price:0.75
View Thread (12)
RE: SP..
12 Jun '15
Excitement is over and the steady decline is pretty much in line with the way we finished off 2014. So it's probably returning to a more natural price.

In the end the SP is secondary to the balance sheet. Without profit or hope of a profit. Who will spend serious money on the shares??

People want a return on their money, long term or short term.

No company can continue indefinately without returning a dividend to it's investors, no matter how small that dividend will be.
lewisycymoedd
Posts: 2,986
Off Topic
Opinion:No Opinion
Price:0.75
Hard Decision
12 Jun '15
Shall I sell mine at .75. I paid .89p and will be upset at any loss. I could buy some v attractive oilers for 4.15p.

No, think I'll sit still. Am thinking of the vast acreage, the stready progress in 2015 (and 2014 for that matter), the welter of good news due (albeit some of it will be crumbs of comfort rather tnan a whole cheesecake), 3.7p expectations of Cantor, 5-50p expectations of Malcy under a management team that I think we all think was not quite as good or as communicative with shareholders as this one.

Am sure DC (with his £10m shares) and CH with his 2.3m shares will see at least the Cantor price soon if release of news is well-managed. And I think it will be.
SaltDome
Posts: 608
Off Topic
Opinion:No Opinion
Price:0.75
View Thread (12)
RE: SP..
12 Jun '15
what is the likelihood of another few months in dark fibre, if the SP constantly falls or will it just be left freely roam and have it's say on the matter....?





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