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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

.

pumben - 28 Aug 2012 07:30 - 4901 of 5221

finished -6.69%. Was 20% down at 1 point and even blue at one stage. With the general market pointing downwards due to Eurozone and still short week and the Putland update, I would expect it to end down more than that today but probably not as low as I originally thought.

As i said earlier lets see where we are at the end of Friday post T&T update ! Has PL been saving some good news for once.

pumben - 28 Aug 2012 07:30 - 4902 of 5221

sorry on ASX

Gerponville18 - 28 Aug 2012 08:56 - 4903 of 5221

I feel the market is saying " That's the bad news out of the way-Lets move on"!

3 monkies - 28 Aug 2012 09:10 - 4904 of 5221

I feel the same and PL has plugged the Trinidad etc. projects at the end of the rns and news out at the end of the week (by promising Peter) so let us see.

Gerponville18 - 28 Aug 2012 10:14 - 4905 of 5221

Fox-Davivies Capital.

Range Resourses - ASX:RRS) - After Puntland, a Dreadlock Holiday is Just the Tonic: While the Puntland drilling update is disappointing, it contributes a relatively low percentage to the overall valuation, which is dominated by the producing US and Trinidadian assets, and to a lesser extent by the next phase of the Puntland exploration programme in the Nugaal block and the Georgian asset's near-term appraisal of the CBM potential. As highlighted earlier this year (March), Trinidad is the key focus, which in itself covers off most of the stages in the development cycle, from rejuvenating old wells, bringing new areas on production and untested prospectivity. While Shabeel has been disappointing, there is still further drilling to be done in this frontier region, which could yet result in significant increases in value. In order to reflect the non-commerciality of Shabeel and Shabeel North, we have marked the volumes associated with the Shabeel complex to zero, which has reduced our target price by 3p to 24p. However, given the fact RRL has only limited exposure to Puntland, and the majority of the value is derived from its Trinidadian assets, investors should take advantage of the inevitable weakness to gain exposure to the stock. While this news is disappointing, we are reiterating our BUY recommendation

So it is not all bad news after all!

dreamcatcher - 28 Aug 2012 15:12 - 4906 of 5221

Did not expect blue skies today. :-))

dreamcatcher - 28 Aug 2012 15:12 - 4907 of 5221

Did not expect blue skies today. :-))

dreamcatcher - 28 Aug 2012 15:12 - 4908 of 5221

oops !

3 monkies - 28 Aug 2012 15:19 - 4909 of 5221

Not too soon dc - at least Fox Davies is still saying BUY. Have you seen Gibby is back from the blue yonder? Just booked my flight, am going for 16 days now, not 14. Did you manage to connect your internet easily when you went to Teneriffe?

dreamcatcher - 28 Aug 2012 15:22 - 4910 of 5221

Cor its alright for some, good on you. Very easy as long as the hotel has wi-fi just get the password you need from the desk and you are away. See gibby is back.

3 monkies - 28 Aug 2012 15:28 - 4911 of 5221

Cheers dc - may take it, can have a play at nights.

dreamcatcher - 28 Aug 2012 15:34 - 4912 of 5221

Two conditions that you are allowed to take it 1. No coming on here drunk :-))
2. Do not want to hear how hot it is. lol

3 monkies - 28 Aug 2012 15:49 - 4913 of 5221

Condition one - no I won't
Condition two - I can't promise that one, just hope it is. I have to weigh it yet and see, as being a typical woman everything but the kitchen sink goes HA!HA!

dreamcatcher - 28 Aug 2012 15:52 - 4914 of 5221

Take it in the hand luggage. Its only a lap top not a home pc.lol

3 monkies - 28 Aug 2012 16:05 - 4915 of 5221

Yes dc I may contimplate it - it weighs 8 & 1/2 lbs so got 10lbs to play with approx.

Gerponville18 - 28 Aug 2012 16:16 - 4916 of 5221

Depends who you are flying with..........We flew by Thompsons to Rhodes........Cost £35 for the pleasure of taking the laptop(s).........Made money though on Standard Life and Chemring, worth the aching shoulder at the end of the holiday though?

dreamcatcher - 28 Aug 2012 16:19 - 4917 of 5221

Thomas cook never charged, wow

Gerponville18 - 28 Aug 2012 16:24 - 4918 of 5221

Yep.......Flying by "EasyJet" next year, that's for sure…..10kg allowance

dreamcatcher - 28 Aug 2012 18:52 - 4919 of 5221

Horn up 5%

3 monkies - 28 Aug 2012 20:01 - 4920 of 5221

Going with Monarch 10kg allowance hand baggage - sorry but being arthritic cannot accommodate such items on shoulder so have to calculate the weight of the bag which will be on wheels. Free of charge up to 10kg.

Just hope if I take the eight and a half pound weight that it will be a fruitful task.
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