Range Resources – Flagging a Tweet from David Lenigas
By
Tom Winnifrith
PUBLISHED:
30 Jan 2013 @ 00:57
|
Comments (5)
|
More info about Tom Winnifrith
I flag this with no idea what is behind this but David Lenigas runs Leni Gas & Oil (LSE:LGO) which like Range Resources (LSE:RRL) has extensive interests in Trinidad. Both were mant to present at some shindig but Mr Lenigas tweeted a few hours ago:
David Lenigas @DavidLenigas
Range Resources has pulled out of presenting at the Trinidad oil conference last minute. No explanation!
This could just be my pal Dave doing a little stirring. I do not know. Range’s management might have personal reasons for not presenting but sometimes companies pull out as there is an RNS pending and they do not wish to be compromised in what they say. But there may be share price volatility ahead.
On a fundamental basis I continue to value Range at 1.5p ( as I explain here) and would thus be a seller at 3.35p
To follow all of Tom Winnifrith’s thoughts on shares, market gossip and other matters sign up to follow him on twitter @tomwinnifrith
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.
Hot Features
Premium
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Yet again Tom you prove that Tominos nothing but pizza and it appears “your mate” lenigas knows little about oil or indeed gas looking at his companies share price!
Adrian
I merely reported Lenigas’s tweet. I stated clearly that it may be a personal matter .
I thought it an odd tweet to send. Which is why I flagged it.
You will note that I have not tipped LGO
Tom
BRGMG69
I have not been tipping LGO either. If you weren’t a few avocados short of a green salad you’d know that.
Glad you accept my culinary expertise
Tom
‘This could just be my pal Dave doing a little stirring.’…..
I think your comment above just about sums it up…..
Bearing in mind the genuine tragic reasoning why Range couldn’t attend – it just shows the depths that some CEO’s and their ‘hangers on’ will plummet…..
Extremely unprofessional behaviour….but then its not as if either you or David Lenigas don’t have ‘form’…
Andy
I have no idea if EK is short of RRL. I think he is. He is long of QIH which have as a short. I write what I want not what suits him.
Best wishes
Tom