Range Resources Share Discussion Threads

[qantas] 11/6/2019 13:02

Robot agree lots of mental health on this chat line...

Black gold hammering up.

Please do your own research as always.

[1manos] 11/6/2019 13:02

Can't believe what I'm hearing the RRDSL sandpit squad,
Had one side of the 16' x 8" structure build,
When one bit of pallet wood they've been using give way
They've send out the tea lad to find another pallet, however
That was 6days ago....never mind eh

On a positive oil is tanking good news at the pumps.........ends

[rangenoresources] 11/6/2019 12:08

Well said Skin and let's hope those involved are brought to book for their misdemeanours

[robot ic1] 11/6/2019 10:52

Celticheart07 ,His carers are not doing their job properly .
They are leaving him on his own for to long.They need to play games with him and keep him occupied more .

The problem today is it is difficult to get caring staff that care properly for folk with very serious mental health difficulties.

[robot ic1] 11/6/2019 08:55

lewis , If shareholders put all their eggs in one basket , it is their own fault if they loose .investors need to keep their eye on the markets all of the time .
Winging and crying when its too late is of no help .

Qantas and I have been very successful and always do our research .

Black oil hammering up .





To All newbies on here .

Black gold is hammering up.

Qantas and I have done all the proper research .

[lewisyfawr] 11/6/2019 08:41

Good morning, friends. And good morning Ron. You are a newbie (only posting since Sept 2018) and you make it very obvious you don't know much about Range history. Nas lost even more than the £190k that one investor lost - people have been crippled financially and mentally by the collapse, particularly pre-2014. I doubt you will want to know this, but will tell you anyway. Range had a very concerned, very knowledgable and very capable group of shareholders 6 years ago called R.I.G (Range Investors Group). They swapped lots of personal details, they met, they socialised.
They uncovered lots of deceit and worse in the management at the time; in this current attempt to recover compensation, it looks to me as if this new group has evidence that the current management are of the same ilk. Personally, I will be surprised if they are.

Rumours last week that Range were imminently to return to AIM and ASX were not without foundation, I believe. How will current management take this company forward? They are making useful money extracting oil at current oil prices; we know that. But the corporate overheads and debt are pretty crippling and cannot be sustained for much longer. And a diversion into pre-school education looks worth pursuing. Huge market 45 million children aged 1 to 3), rapidly expanding Government-backed child care and simple education for them. And this move will be supported by our major shareholder apparently. We shall see. All looks very interesting and fairly positive.

[qantas] 11/6/2019 08:16

Good morning Robot Black Gold looking good and hammering up.

Please do your own research as always.

[rangenoresources] 11/6/2019 07:55

I recommend any shareholders of Range read the LSE share forum unless you are involved in the scam that is Range Resources. The losses some are posting about make the ego’s look like Dribble’s

There is a meeting to be held to see if they can call to account some of the alleged scammers.

Don’t say you wasn’t warned about this company

[lewisyfawr] 10/6/2019 23:29

"Perhaps if you were to say something that was sensible you may get someone who will respond."

Funniest of your 10 pretty stupid posts today, Ron. Why not ask Matron to check them before you post. And where has rest of your "tag team" disappeared to?

[rangenoresources] 10/6/2019 22:14

Why is it every time I get into a discussion with Celticheart07 his annoying pet troll butts in?

Like a bloody tag team

Is nobody talking to you Dribble?

Perhaps if you were to say something that was sensible you may get someone who will respond.

[lewisyfawr] 10/6/2019 21:17

One post from Celtic - 8 from Ron. Says it all, what's not to like. Where have all the flowers gone, Ron? Looks like you have been deserted, you sad little man.

[rangenoresources] 10/6/2019 20:40

What is not to like?

After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a once-in-a-generation shake up in the shipping fuel market. Many market commentators (and Celticheart07) predicted that if $100 a barrel-oil was going to make a come back, it would happen in 2020.

Excitement is fading fast. The first official assessment of 2020 comes from the International Energy Agency on Friday, but a first look at forecasts from consultants and traders for supply and demand balances show persistent surpluses, not the deficit that was expected to underpin rising prices.

The culprits: rising shale production, a slowing global economy and the prospect of a deepening trade war.

"The balances for 2020 were already worrisome, and the downgrade in demand we are contemplating put them potentially in the ugly category," said Roger Diwan, an OPEC watcher at consultant IHS Markit Ltd.

Consultants and oil traders have already taken a first stab, and their supply and demand results show, at best, a balanced market. Many forecast supply will exceed consumption, perhaps by a large margin.

The oil market, showing characteristics typical of an equity market, is already starting to reflect the potential for a surplus in 2020. Despite a tight physical market due to Russia’s pipeline contamination crisis and U.S. sanctions on Iran and Venezuela, oil prices briefly dipped below $60 last week, down more than 20 percent from a high above $75 in late April.

"The market is asking why it should bother going long for just three months when the future looks bleak," said Amrita Sen, chief oil analyst at Energy Aspects Ltd.

The bearish outlook for next year is a problem for the OPEC+ alliance led by Saudi Arabia and Russia. If the 2020 forecast proves correct, the group may be forced to keep in place its output cut far longer than originally anticipated to prevent a surge in global oil inventories.

The OPEC+ alliance is set to meet in the next few weeks in Vienna to discuss its production policy for the second half of 2019.

The bulls weren’t completely wrong in their analysis for next year: the shipping fuel changes, known as IMO 2020, are all but certain to boost demand for diesel, perhaps pushing that particular corner of the petroleum market into a deficit. However, supply growth, fueled by a resilient U.S. shale industry, continues to surprise to the upside.

Market Dynamic

"The dynamic of the market has changed because of shale," Ben van Beurden, the boss of Royal Dutch Shell Plc, said in a panel at the St. Petersburg International Economic Forum last week.

"There is growing evidence of a sharper-than-expected slowdown in demand," said Martijn Rats, oil analyst at Morgan Stanley in London. Across the world’s top oil consumers, year-on-year consumption growth came to a halt in March. April demand figures, still preliminary, also show little increase.

The first tentative glances into 2020 by oil consultants are nearly unanimous about the prospect of oversupply -- a view shared in private by major commodity trading houses. The surpluses are all the more remarkable because none is predicting a recovery in Iranian and Venezuelan output. Over the last year, the combined output of the two troubled OPEC producers has dropped roughly 2.2 million barrels a day -- equal to what Germany consumes.

S&P Global Platts, the owner of what was previously named PIRA Energy consultants, put the surplus next year at around 400,000 barrels a day in a report to clients in May. The Energy Information Administration, the statistical arm of the U.S. Department of Energy, sees a 100,000 barrel-a-day excess. And Energy Aspects, another influential consultant popular with hedge funds and big trading houses, sees a "large" stock-build of 500,000 barrels a day. IHS Markit expects a total surplus of 800,000 barrels a day next year

The surpluses, however, mask notable differences within the petroleum market, with most consultants anticipating a larger overhang in refined products than in crude.

Although the Paris-based IEA hasn’t yet published its first detailed look into 2020, it offered some glimpses of its thinking earlier this year when it published a 5-year outlook from 2019 to 2024. In that report, it forecast oil demand next year at 102 million barrels a day, and production from non-OPEC countries plus condensates from OPEC at 71.9 million barrels. That, effectively, will leave a gap for OPEC crude to fill of just 30.1 million barrels, close to the cartel’s current production.

Since the publication of the report, the IEA has raised its non-OPEC supply view for 2019, and lowered its demand forecast, suggesting that if the cartel keeps pumping at current levels, production will exceed demand in 2020.

[rangenoresources] 10/6/2019 20:31

Ps your grammar is very poor

Too many commas

[rangenoresources] 10/6/2019 20:31

So you admit you are a ramper Celticheart07?

[celticheart07] 10/6/2019 19:05

We don’t hide, we have lives, you should try it you sad little man

[rangenoresources] 10/6/2019 17:59

WTI dropping like a stone again and the rampers have all gone into hidingWhat is not to like?

[rangenoresources] 10/6/2019 12:11

Is this about Range Celticheart07?

[celticheart07] 10/6/2019 11:54

Malcy's Blog/ Oil price

Markets and commodities turned at the end of last week, the irony was that a bad set of jobs data led to speculation about a Fed rate cut, ironic as President Trump had suggested that rate rises were inappropriate recently… Crude also jumped after it was revealed that the Mexico tariff war had been averted whilst at the SPIEF in St Petersburg the Saudis and the Russians got together to agree to existing cuts would be continued. Indeed whether the Opec+ meeting comes before or after the G20 it looks like it is merely a formality.

Brent fell $1.20 on the week whilst WTI actually nailed a 49c rise, the rig count on Friday saw overall rig numbers fall by 9 to 975 but oil came down by 11 to 789.

[lewisyfawr] 10/6/2019 08:31

Five posts this morning from Ron since 6am - more to come today, I expect. Nobody reading them; nobody responding. Actually feel sorry for him. No shares, no interest in Range, no life. Have a good week, shareholders.

[rangenoresources] 10/6/2019 07:59

How is Debenhams these days Robot?

[robot ic1] 10/6/2019 07:50

Qantas ,good morning to you .

The pond life scum are coming back .

Donkey wonker will be back shortly as well .

Forgot to say oil price hammering up .