Range Resources (RRL.L) tipped by RHPS

poodles

Anyone here have any thoughts on them?

They were tipped last Friday by Tom Bulford from Red Hot Penny Shares (same guy has tipped GKP at 10p and other companies that have seen a high increase in share price and hence he has a high following)

I have just a few shares but thinking about increasing.

They have a interest in drilling in Puntland, Somalia which is meant to have a hugh amount of oil.

I can post what was said by TB if anyone wants.

poodles

Broker Note: Edison Investment Research 9/6/2010

http://www.edisoninvestmentresearch.co.uk/researchreports/RangeResourcesoutlook090610.pdf

poodles

RHPS Article:
http://www.fsponline-recommends.co.uk/i/pi/RHPS_june_10_issue.pdf

[Password is Therapy]

poodles

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!

pirelli

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.

poodles

pirelli wrote: »

Range resources ticker RRC If the same was promoted on bloomberg yesterday

Nah, that's a different company. Ticker is RRL.L

They are dual listed however on the ASX as RRS

Smcgie

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

Also Peter Landou (apoligies if spelt wrong) the CEO must be spoke highly of for his constant RNS updates.

This man will make you money.

pirelli

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.

Smcgie

pirelli wrote: »

Smcgie you must be loaded.

I hold only 3 shares at the moment. What can i say.. I have an appetite for risk.

http://www.iii.co.uk/investment/detail?code=cotn%3ARRL.L&display=discussion&thread=6526790&action=list

Thargor

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.

poodles

Heh, no problem, but it's a no brainer!

I was averaged around 4.25p but sold out for a quick snap at encore oil which worked out well but I had to get back into Range at 5.1p

Now that the recent placement shares have been taken up I'd expect the sp to settle close to 8p in the short term and maybe closer to 20p when spudding in Puntland in November.

News should come Monday of a new acquisation in the Americas - this will underpin the current price and de-risk it too.

GL

Thargor

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

Smcgie

Thargor wrote: »

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

Ill remember this

Don't mean to dance on your parade Thargor but you have to be warned. RRL is normally dumped on news, I think the north chapman ranch frac will determine what level of support the shareprice takes. Expect a retrace, people that took shares in the RI at 2.9p have now doubled their money and I expect strong profit taking on news.

Glad 2 fellow boardsies are lone Rangers

Thargor

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

Smcgie

News out - Trinidad acquisition.

www.asx.com.au search for rrs on mobile can't link

poodles

Smcgie wrote: »

News out - Trinidad acquisition.

www.asx.com.au search for rrs on mobile can't link

Link to .pdf announcement:
http://www.asx.com.au/asxpdf/20100712/pdf/31r8nd6kyll33b.pdf

Another good day...finish above 7p

poodles

Georgia CPR Report out Today.

Estimated Oil in Place of 2bn Barrels.

Big news. Drilling scheduled for Feb/March

Current SP: 8p


Report: http://www.asx.com.au/asxpdf/20101118/pdf/31tyyx8mzrnj4w.pdf

poodles

New Broker Report out by Proactive Investors giving an evaluation of 14.1p derisked.

http://www.proactiveinvestors.co.uk/companies/news/23157/analyst-expects-range-resources-to-drill-new-georgian-oil-targets-in-q1-2011--23157.html

poodles

News out today that the 2 Puntland Wells will be drilled - one by July 27th the other by September 27th according to the amended Production Sharing Agreement.

The rig will be mobilised around the same time that the second well in Georgia will be drilled.

Great opportunities here for the SP to multiply from current position.

poodles

It's going to be an interesting couple of months ahead.
Anyone looking in from the sidelines - I'd suggest moving quick!

Thargor

So glad I took a large position in this when you started tipping it first, I kept wondering if there was a catch when I was looking into it but it really did turn out to be a no-brainer, and we haven't even started yet, cant wait for the next few weeks.

Thargor

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

poodles

Thargor wrote: »

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

Next couple of weeks and months will be transformational for the company.

The CEO is aiming for the company to have a market cap of up to 700Million by the end of the year - which would be a share price of around 43p.

Currently 10.5p!

Thargor

Are you still holding a million of these Smcgie?

Smcgie

No Thagor, I have 500k. I sold half my holding at 8.25p to buy more Gulf Keystone the morning of the big drop. Still holding tight to my free run of 500K averaging around 3.5p, an excellent company!

Love the new image too. Hold Tight, might get that holiday off you yet

Thargor

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

cooperguy

What caused the 19% jump today? It certainly does look like an interesting share!

Thargor

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.

Thargor

News is out, Georgian helium survey results, all good but spudding pushed back to April.

cooperguy

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!

poodles

Georgia Helium Results details...
http://www.asx.com.au/asxpdf/20110208/pdf/41wn90m7g72tkg.pdf


cooperguy, take a look at the thread I started on Red Emperor Resources last week or so on this forum - RMP are a high leveraged bet to Range's success. More risk but more upside to a success.

Thargor

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.

poodles

Thargor wrote: »

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.

Hard to know Thargor. I was hovering over the sell at 11p in order to buy back a bit cheaper for free shares but any time I've tried this in the past its bitten me so i resisted.
I would like to think that 10p is the new floor level seeing as Texas should underpin in there.

Shauny2010

I think we've seen the last of the single digit quotes for this stock:D

cooperguy

Thanks poodles, ill take a look at that.

How are they funding the expansions and drilling? Texas has been described as self sustaining but can it provide enough cash flow for all the other on going operations? Or will there be alot of share dilution to try fund the company into the future?

poodles

cooperguy wrote: »

Thanks poodles, ill take a look at that.

How are they funding the expansions and drilling? Texas has been described as self sustaining but can it provide enough cash flow for all the other on going operations? Or will there be alot of share dilution to try fund the company into the future?

Range will need funds to fund further exploration wells or appraisal wells if Georgia / Puntland are successful however if you check back over the recent news you'll find an announcement that states they have agreed a debt facility that will allow them to draw down funds from 'Dutchess Opportunity Cayman
Fund'.
This facility will allow Range to minimise any future shareholding dilution when the time comes.

bestie

This stock is really taking off

up nearly 15 % today after 11 % yesterday

neil.p.b

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

poodles

neil.p.b wrote: »

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

My target is 60p + for end of year.

neil.p.b

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.

Thargor

I cant get to an internet connection all day this week, its driving me mad, cant believe the daily rises for the last few days, wonder when the inevitable drop will come and how bad, I think we are done with single figures now though anyway, fingers crossed.

cooperguy

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!

AP_MAN

already up nearly 10% today

bestie wrote: »

This stock is really taking off

up nearly 15 % today after 11 % yesterday

bestie

AP_MAN wrote: »

already up nearly 10% today

I see that, jeez I should buy some :P

neil.p.b

Already wishing i had bought more this morning!!

Fr Dougal Mcguire

wish i had bought in sooner. my online account though is on the blink so dont think i'll get on this today either

might just go into bank or broker and get them and take the hit on the price.

AP_MAN

me too feeling same... click of a button !!!!

up 20% now @ 13:39pm

neil.p.b wrote: »

Already wishing i had bought more this morning!!

neil.p.b

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

Kristopherus

Back to 15.75p now.

Thargor

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