Share Name Share Symbol Market Type Share ISIN Share Description
Range Res. LSE:RRL London Ordinary Share AU000000RRS3 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.34p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.0 -21.2 -0.3 - 25.83

Range Resources Share Discussion Threads

Showing 58776 to 58800 of 58800 messages
Chat Pages: 2352  2351  2350  2349  2348  2347  2346  2345  2344  2343  2342  2341  Older
DateSubjectAuthorDiscuss
20/3/2017
23:29
I never take anything notice of Malcy. He is usually wrong !He said many times Amerisur Resources should be at 50-60p.Another of his predictions that is wrong so far.
underhill2
17/3/2017
14:02
Malcy thinks the market listens to his blog Rubbish The company is a busted flush lower production increased costs a lousy $3.7m turnover. Pity I'm locked in on Landau's lies
yufff
17/3/2017
13:12
Whatever Malcy is smoking, I want some!
abrahe00
17/3/2017
12:27
From Malcy's Blog today: Range Resources Nothing in the Range interim update that we didnt already know, revenue was in line and the loss after impairments as expected. Production remains at 495 b/d but is increasing fast particularly as the waterflood projects are moving ahead with one in production. The shares are suspended at present owing to the recent rig deal being a technical RTO but the management are still talking about making ‘value enhancing acquisitions’ which should they come off make Range a most interesting prospect for 2H 2017. With the balance sheet in much better shape after this deal which should increase efficiency and reduce costs the outlook looks increasingly optimistic. I think Malcy is on the same wave length as me!
filterwest
17/3/2017
10:21
The quoted exit rate of 800bopd for 2016 was clearly designed to mislead, either that or a blatant lie.
dodge city
17/3/2017
09:23
The half yearly report was not great but it was also not unexpected. The water flood strategy takes time until we get access to additional water source. What I like is that that they said "Whilst there are encouraging trends during the period, there is clearly still much work to do to achieve our objective of generating sustainable profitability and positive cashflows. Range remains focused on this target through growing production and monetising the substantial reserve base of the Company. In addition, we continue to seek suitable value enhancing upstream acquisition opportunities and have been actively screening a large number of possible transactions over recent months. Believe it or not it's entirely up to you.It could be a game changer. IMHO
filterwest
17/3/2017
09:14
They did give current production. "The average production during the current quarter up to the date of this report is 558 bopd"
dodge city
17/3/2017
09:09
The report is to 31 Dec, hence the low daily output rate.They should have stated current production rate, but chose not to. You'd have to draw your own conclusions from that...My biggest concern is that in about 15 months, we'll have huge debts to pay back and right now, we have no means of making enough money to do that.I can't only see the old days of repeated dilutions coming back... AIMHO...
abrahe00
17/3/2017
08:46
In January they said this... "The exit production rate for 2016 exceeded 800 bopd" Today they say this... "The average production during the current quarter up to the date of this report is 558 bopd" So what has happened to the missing 242 bopd. No wonder they are getting out.
dodge city
17/3/2017
08:15
Well those results explain the RTO, looks like they are giving up on making money out of Trinidad oil.
dodge city
17/3/2017
07:47
Agreed. We've drilled more holes, flooded more water, spent money, run up debts with LandOcean....and got less oil out of the ground.........oh and big write down of assets. Come back Landau.....all is forgiven.............nah, just joking.
waveneygnome
17/3/2017
07:38
Just as well we're suspended. Today's half year report makes dire reading...
abrahe00
14/3/2017
09:26
Lol, I daren't check mate! Probably more, gulp, although Landau-era top-ups and averaging down might make it similar. It is definitely bottom drawer and I wish I had your confidence that you will make it back! Last suspension did come back at 0.007 and I guess we'd both settle for that as near enough...but when? Topicel
topicel
13/3/2017
21:01
Yea around 65% paper loss, but I will get it back. How much are you down?
filterwest
13/3/2017
20:28
Blimey Filterwest, so you're 65% down here then? The suspension is probably a good thing given the doubt. Topicel
topicel
13/3/2017
18:51
The RNS says it will be a reverse take-over, so really it is LandOcean's drilling subsidiary getting Range and not vice versa.
deanforester
13/3/2017
18:20
I think 2,500bopd was way optimistic. If they achieve between 1,500 to 2000 bopd I be happy, but I guess when the RTO will come out of suspension. Lets wait and see. My average is 0.008.
filterwest
13/3/2017
17:21
Malcy is conveniently ignoring the missed production target and the fact that in three years RRL will have to pay back around $35m in debt plus interest.The whole point of selling the drilling operation in the first place was to reduce costs. So, why backtrack now?Smells fishy to me...
abrahe00
13/3/2017
16:17
Now I'd know what they doing: This is from malcy's blog. malcy blog Range Resources Range has announced that it is to re-acquire the drilling business from LandOcean for $5.5m plus the $19.5m of debt.This deal sees RRL take back control of operations in Trinidad, dramatically reduce costs and be in a position to run everything more efficiently themselves. It is now likely that the drilling business will become a profit centre in itself, with an inventory of the best, newest rigs on the island it is perfectly possible to see them perform strongly as a third party operator. As it is a RTO, Range shares will be suspended for some time, after which one can expect to see acquisitions and deals that should make to future very bright for the company. Malcy likes it and we all should!
filterwest
13/3/2017
10:43
Is Pete Landau back in charge at Range? This will take months to lift the suspension.
dodge city
13/3/2017
10:37
And... Buried deep in the RNS..."Following the agreement to acquire RRDSL, the Company will fund its waterflood projects from its cash flows generated from operations and existing cash reserves. As a result and taking into consideration production performance year to date, Range does not believe it will meet its stated production target of 2,500 bopd by the end of 2017."I see the old trick of hiding bad news in what seems good news is at work here...Not only are they going to miss their targets yet again, they are also going to lose any discounts they had from LO and will have to pay back $35m of debt in three years!Unless oil goes back above $100 a barrel, i don't see how they're going to make this work.AIMHO... DYOR etc etc...
abrahe00
13/3/2017
09:25
I don't know what to make of this, unless they have a new institutional will invest in this company.
filterwest
13/3/2017
09:09
I don't think this is as good a deal as the board would have us believe.If my reading of the rns us right, they're basically paying around $25m for the company. With around 7.5bn shares in issue, that's around 0.33p per share, ie around or just below current market price.So, no premium attached.Have i got this wrong? Happy to be corrected...
abrahe00
13/3/2017
08:27
Hmmm, reverse takeover - so maybe not. That explains the drift in the share price over the past few weeks.
apache_dropout
13/3/2017
06:35
Big news about to be announced.1p by Friday.
apache_dropout
Chat Pages: 2352  2351  2350  2349  2348  2347  2346  2345  2344  2343  2342  2341  Older
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