Range Resources (RRL.L) tipped by RHPS

poodles wrote: »

Range have released some news that can be viewed here:

http://www.iii.co.uk/investment/detail?code=cotn:RRL.L&display=news&it=le

All looks very promising. Current SP looks de-risked at the minute at 5p - the current sp doesn't take into account of potential of drilling in Puntland and Georgia or the results from their Well in Texas.

The next week we will learn where a new oil/gas acquisation will be (somewhere in the Americas)

as always do your own research into this type of thing!

Range resources ticker RRC If the same was promoted on bloomberg yesterday along with those listed below as stocks wrongly effected by the gulf crisis that have no impact on profits from it, they all apparantly have up to 25 buy recommendations from analysts and no sell recommendations. All are at a premium and have up to 75 % profit margin - UPL the highest.

Interestingly UPl for example breaks even when natural gas trades as low as $2.50. So big profits.

(Hk) 25 buys
ulta petroleum (UPL) 20 buys
denbury range (DNR) 15 buys
range resources (RRC) 10 buys

IMO they all follow the price of natural gas.if you think natural gas will rise then i strongly recommend these.

Interesting share RRL. I hold over a million of these. I really think the market cap is in for a big correction. I was involved in the rights issue this year and bought way over my rights at 2.89p.

I have yet to top slice, I think the 50m market cap with production cash flow, puntland onshore, puntland offshore, cotton valley, North Chapman Ranch & Georgia this share is going places.

Ps. I expect a 3/1 consolidation in the near future.

One to watch folks

Smcgie wrote: »

Interesting share RRL. I hold over a million of these. I really think the market cap is in for a big correction. I was involved in the rights issue this year and bought way over my rights at 2.89p.

I have yet to top slice, I think the 50m market cap with production cash flow, puntland onshore, puntland offshore, cotton valley, North Chapman Ranch & Georgia this share is going places.

Ps. I expect a 3/1 consolidation in the near future.

One to watch folks

Smcgie you must be loaded.

Poodle (and Smcgie) you legend, had a look on iii after you posted this and liked what I saw, then I started to really like it the more I looked, I got in at 5.00 and Ive topped up twice since then up to 6.0p, this is 50% of my portfolio now and it looks like its up up up from here on out, up an average of 16% so far on no news with good things expected in the coming weeks and months, thanks for the tip, keep em coming.

Im sticking with it until £1 a share, and then Ill buy you a holiday

Ah I know, Im not seriously expecting that, exciting stuff all the same. Its only money.

Up 19% to close at a new 52 week high of 10.5p today, looking good :P

Are you still holding a million of these Smcgie?

Or an Amazon Kindle if I dump @ 35-40p

Could be a leak of very good helium test results in Georgia, one of the biggest shareholders basically said Wednesday for the RNS on the iii board, the director seemed to confirm its good news in an interview with iiiTV today, or it could be just the way all the ducks are starting to line up, Texas fracced to boost production while the price of oil keeps going up and new wells being spudded, Trinidad looking like a very good deal and then the major stuff like Georgia about to spud in the next few weeks then Puntland in Somalia in the next couple of months, its starting to get noticed, and its mostly underpinned and derisked by the solid producing assets in Texas unlike most AIM oilies (well for those of us who got in @ 5p it is anyway).

Id say looking at this share for the past 8 months in my very inexperienced opinion we can expect one last retrace to 9p before the news starts to flow and single figures are gone forever.

I think ill be taking a close look at this share over the next few days (I need somewhere to put my Xcite Energy profits )

They have a good few different interests now so my fear of Somali pirates ruining the company can be somewhat eased!

Do you think we'll see this retracing to 9p or even 8p in the long wait until April Noodles? I think we might, thats 6 weeks, shorter waits than that have done more damage in recent times. Im sticking a few more grand in if it does anyway.

Been watching closely and missed the boat a bit, but seriously considering getting in tomorrow. Could at least double from here in 2011

poodles wrote: »

My target is 60p + for end of year.

I wouldn't be surprised. But i like to very conservative on 1 year predictions! Hoping for 20p+ by the end of the month (again very conservative, we could see it this week.) Interesting to see the RNS tonight, could have it opening 14+ tomorrow. Kicking myself in the foot that i missed the last few days. But i've no doubt we'll look back and laugh at current prices in the (hopefully) near future.

I decided to take the plunge with RRL.L but im in the very frustrationg position of having my money floating in space somewhere between two accounts so I cant buy anything until it arrives in my account, all the time im watching the price increase!

Topped up at .16. Up +30% now. More to come. An order just went through for 1 million shares.

This is unbelievable tbh, and after 7 months of watching it do feck all it all kicks off just as work starts sending me up and down the country every day so I cant get to an internet connection before 8 in the evening.

I was going to say there's always a brutal retrace with this share and ye should probably wait for that, RRL was regular as clockwork the last 4 times in a row with that before an RNS was due but I dont know whats happening this time, you might be just better off getting in any way you can at this stage, not that I know anything really, this is my first really successful pick.

I was expecting a retrace yesterday after the previous rises and it jumped 10% and today I was expecting one for sure and instead my holding increased in value by nearly my entire annual income from my real job!:P