Tradefair & Financials
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The forum boards for Range Resources (RRL 23p) have always been full of ramping/save me from my 9-5/retirement hopefuls but ........ something big to happen before Easter from what I gather. It will take either the wrong dilution (possible) or some not as hoped news (very unlikely) to stop some easy winnings. I'm hoping for a 50% increase before the end of this month (and then sell to buy after the dip) but if your aversion to world news risk is green, more than £1 within the next 12 months. Good luck!
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I wondering about this - the markets seem to have not reacted particularly well to good news recently. I think this is worth a punt though, it is either going to double or drop 50%, so I reckon that is a fairly good bet, as I believe the news will be favourable.
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I think this could be a huge earner tomorrow. Only bad thing is I don't know the timing of the company news (which I believe will be tomorrow). The lemmings will keep this warm early in the UK. Ben might know before us but i doubt it. I think its a long term winner but oiley exploration are worth more than a buy cheerio.
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absolute carnage, down 21%, in fact I think they just suspended trading as the bid was lower than the ask.
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Always going to happen. Still sitting tight but I've increased my average cost.
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I did think it would bounce more quickly though. See were its sitting at the end of the day.
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I think it will be 30p by the end of June and within 12 months it will be 70p plus as plenty of positives with Puntland and Georgia bearing the fruits.
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So apparently they are spudding wells in trinidad starting the end of june.
RE: puntland. I don't think this is crucial to how well range do long term (although obviously finding, and producing/selling off from there will be a huge bonus). texas/georgia/trinidad have plenty of oil there. There may be some political risks in georgia but this is minimal. Apparently conoco already drilled/tested a number of blocks in puntland a while ago, and found there was huge potential, but decided to dispose of their interest due to the political risks there. I have no doubt that there are multi billions worth of oil there, it is just a question of whether it is stable enough politically. I would much rather be in range than gulf keystone though. Puntland may be unstable, but it isnt half as unstable as iraq is. |
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I think the majority of shareholders in RRL see this as a long term investment and I think most of them will be happy to stay with the company until the share price approaches £1. They are starting to make a name for themselves and I wonder if any of the big-boys might come and knock on the door. My average has now increased from just under 10p to nearly 15p (sadly) so I'll be here for a while.
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