Range Resources Share Discussion Threads

[sagem] 02/6/2010 10:48

sparty1 -...Have a look at COVE ENERGY

My pick is Cove Energy (LSE: COV). Cove Energy has Tanzanian gas interests, but it is Mozambique, especially the off-shore prospects, that are really exciting. The firm hold an 8.5% interest in the Windjammer well, where a significant gas discovery was recently announced. The well, with estimated gross resources of four trillion cubic feet of gas, was drilled at a cost of close to $100m. That's on the steep side, but future prospects are expected to be markedly cheaper. Industry giant Anadarko (with a market capitalisation of $35bn) is running the project and has secured a state-of-the-art deepwater rig. It is now planning up to a further five deepwater wells following the Windjammer success.
Naturally, Cove Energy's management wishes to ensure that ample working capital is available from raising new funds so that the company can continue to maintain its interest in such a potentially exciting drilling programme. I agree that the outlook is promising but do your own research.........you might well be very surprised

[mr_dross] 02/6/2010 10:28

Sagem i know you attend the iii boards .. if you click on the trades there is quite obvious which is which ... when you see a batch of shares at once price and another batch at another ... and there both sells .. just do the maths ... the share price went up and most are showing as sells ... ... its a good day to transfur your shares into your isas imho

[sparty1] 02/6/2010 10:26

Captain Nelson , have you an opinion on EME? I am running the rule over it but my field is mining and you have very cogent , informative views on these small cap oilies.

Are there any better prospects out there than rrl or caza. I`m in both but always on the look out.Thanks in anticipation.

[sagem] 02/6/2010 10:25

Mr_Dross - Thanks for that...I do know that ADVFN have to guess if a buy or sell and they dont always get it correct...cheers.

[mr_dross] 02/6/2010 10:22

sagem the reason you are seeing so meny sellers is because with the spread the buy price is below the mid price so it goes through as a sell ... the true spread is aprox bid 4.25 offer 4,38

[sagem] 02/6/2010 10:14

ShugMonkey
...Do what you like as I fail to understand your mental condition...sorry for you

[greatfull dead] 02/6/2010 10:13

Latesc price to buy Firm Price £0.044975 on line.

[runbrian] 02/6/2010 09:47

sell at 4p. Where did that come from...?

[shugmonkey] 02/6/2010 09:46

Captain, I think you are the only one left with sagem unfiltered.

[wardy3] 02/6/2010 09:43

Sell price has ticked up to just over 4.25p looks steady today, plenty of news coming along, mad to sell now only just starting to progress.

[greatfull dead] 02/6/2010 09:39

Tried a dummy buy quoted 4.34p

[sagem] 02/6/2010 09:33

LAYMAN'S GUIDE



Preparation for Drilling




Just for interest discovering oil is not easy

[sagem] 02/6/2010 09:14

Just look at all those sellers appearing....do they not realise the potential, looks like selling for a small profit strapped for cash no doubt

[notarealdr] 02/6/2010 09:12

Still well short of OPL valuation. Plenty of surprises here in coming weeks.

[greatfull dead] 02/6/2010 09:04

Spread 4.25 - 4.5O. Try a dummy buy and see.

[bigneil9] 02/6/2010 07:47

With a quoted spread of 4.0-4.25 and price of 4.05, how can you tell for sure that that was a buy?

[fairdeal2008] 02/6/2010 07:46

Good news from CAZA this am:

[fairdeal2008] 02/6/2010 07:45

Looks like an arb transaction to me ;-)

[california joe] 02/6/2010 07:44

690k buy makes me think somebody expecting some imminent news!

[notarealdr] 02/6/2010 05:48

Old Park Lane research note - ".., we are confident that the shares are worth 12.8p on a fully diluted basis. This represents significant upside to the current share price."

So, what are you waiting for?

[mingle3] 01/6/2010 21:49

Captain, has the train left already over at CAZA? I fancied a few :(

[sagem] 01/6/2010 19:22

WOW...WOW...Range Resources is going to be the company of the year, after reading Old Park Lane Capitals coverage really brings it home the potential that this company has.....I just hope that the news when announced each time is good enough to keep the share price rising.....roll on the next news re Smith#1 well and what has been said( the impressive rate of production) I am sure we will not be disapointed.

[martinfrench] 01/6/2010 16:54

nice read of the note,

but when they say HEAVILY discounted value of puntland is 9.5p???? that is one heavy discount!