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 58799 of 58800 messages
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DateSubjectAuthorDiscuss
13/4/2017
08:21
4% is paltry whichever way you look at it. They were producing at near 1000 bopd at the end of December. They have clearly failed to keep that rate up. If oil hadn't climbed to where it is today, the revenue figures would've been dire.
abrahe00
13/4/2017
07:35
So, the suspension is going to last well into the second half of the year. But, surely it can't extend beyond 6 months as they'd have to de-list!? Quite why the EGM is taking so long to organise is not clear. The rest of the RNS is the same old rubbish as far as I can tell. It does confirm QANTAS' assertion that the production rates for this year are well below the exit rates of Q4. P*ss poor all round. Not that there's much we can do about it now. AIMHO...
abrahe00
07/4/2017
06:40
No update on the reverse takeover I'm afraid. They won't even say when the Admission Document will be sent out. It's been three weeks already... p*ss poor if you ask me. I think Range will survive for a while post suspension. There is fundamentally a viable business underneath it all with some valuable assets. The question is whether the Management can make anything of it. It will come out of suspension regardless of the RRDSL purchase being successfully completed or not. At what price it comes back though, remains to be seen. AIMHO... DYOR...
abrahe00
06/4/2017
18:26
I'm a holder here but I am now of the opinion this will be the end of Range Resources. In my mind I have already treated this as a Capital Loss and will take the loss and move on. Should I gave the chance to sell my shares I will but I think that is very unlikely.Range has been on the edge for many years both with the previous Management and under the new Management.
underhill2
06/4/2017
16:53
Thanks, I think! So what likelihood of actually coming out of suspension at all then? They took the whole six months last time, will it be as long, if at all, this time? The doom and gloom then was far greater and yet, somehow, the new owners saved the day and brought it back just in time and relatively healthy. They can't have been so misguided or naive, surely? Only last summer the market seemed to believe this could be resurrected completely... And as for oil, I can see the global macro picture stoking the price higher sooner than later. We will see. But it is the suspension lifting that is the most pressing so each can at least trade in or out as they see best. Have they not indicated how long this will be frozen? Topicel
topicel
06/4/2017
08:39
Tops: I'm sad to say that I'm not hopeful at all. Their strategy is all over the place. They have repeatedly failed to increase production and seem to have finally chucked in the towel. Buying RRDSL back is a last ditch effort to keep the company as a going concern and with the Colombia and Georgia lawsuits having the potential to bankrupt them, I don't see much light at the end of the tunnel. Add to that the progress in battery technology and lower future demand for petrol, cheaper shale oil producers in America and increased production from OPEC, I can only see the price of oil dropping to below $50. I halved my holding in RRL a few weeks before the suspension and will likely bail out fully at the earliest opportunity. Yufff: We don't often see eye-to-eye (Remember the old NEW days?) but your last post does have a ring of truth to it. Good luck all. E.
abrahe00
05/4/2017
18:27
No not hopeful Ever since that gap toothed con man Landau landed us in this mess the Chinese have done nothing right. Doomed
yufff
05/4/2017
17:02
Abrahe00, secrecy is not good but can sometimes be warranted so we just have to hope the process is beneficial to PIs. What is your gut feeling here now? Will we come out of suspension as before to trade again or simply fold? It could go either way IMHO but only if the reverse takeover terms are met of course. Are we hopeful? Topicel
topicel
05/4/2017
12:52
And... It looks like we're not going to get answers to our questions anymore either! This from the company website: "Following discussions with the Company’s Nominated Adviser, the investor Q&A sessions have been postponed until the reverse takeover process is completed." E.
abrahe00
05/4/2017
11:51
Doesn't really matter, what oil is, when you are producing 550bopd and have debt of $56m at 10% pa :-(Plus most western countries plan to have electric cars by 2040 so the outlook for crude isn't too great, no wonder the saudi's have capitulated in their fight to bits the US shalers :-)
nas_daq
05/4/2017
07:40
Crude oil now above $51 Please do your own research
qantas
05/4/2017
07:06
Oh dear....more money for our lawyers !
gozo
02/4/2017
10:34
Latest Q&A out this week... I've asked them for clarification on Q1 production numbers, plus an update on the Admission Document. Let's hope they cover both... If you have any questions, let them in now. E.
abrahe00
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
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