RRL - Range Resources

[hxbro]

Just stumbled on 2 billion barrels

* Independent best estimate of gross undiscovered and unrisked oil-in-place
across these identified prospects of 2.05 billion barrels (1.025b barrels
attributable to Range); and

Should be an interesting day, I'm glad I put another 1k in it the other day

[hoponbaby]

Put these on my watch list a few months ago when they were 5p, had a couple of surges sinces but have come back to the same level each time. It will be interesting when they start drilling for it.

[Dragon_Phantom]

Yea i got a bit in these guys but may sell out of my other oil and pit in these guys hmmmm

[Dragon_Phantom]

Whered you hear the news from?

[hxbro]

I decided last week to take a gamble and jump back in with a small investment, think I might get a quick turn around next week, lots of excitement on iii, should be an interesting few days.

[Dragon_Phantom]

I decided last week to take a gamble and jump back in with a small investment, think I might get a quick turn around next week, lots of excitement on iii, should be an interesting few days.

What price you in at m8 if you dont mind me asking.
Just sold out of the dreaded DES and managed to break after a lot of re investment PHEW.
So now got a bit of money to stick in range but wandering if its worth going in today my avg is at 6.9 as it is and not that much in so will increase with todays litlle bump up.

[hxbro]

8.59, just waiting on a better price now and I'll sell, there might be some news on AOI this afternoon which is pushing the price up I think right now. I'm getting 9p to sell at the moment, I'm busy watching the live numbers, just waiting for the right time...

[Dragon_Phantom]

Yea im sitting here too ha!
Im in for a bit longer topped up at 9.1 waiting for georgia news so gonna be sitting on it for a while.

[hxbro]

Arse, sold out a little early and missed out on the current spike. Still I only went in for a quick buy and sell, a small profit made, but the money is on it's way back to my bank account.

I think this will be back under 9p by the end of the day....

[hxbro]

Just checked, and it's going higher than I thought it would, oh well, at least my largest investment ENEG is going well today too

[Dragon_Phantom]

Yea im quitea happy now. Made a bluner goin in to DES over xmas. Well less blunder more a punt gone bad ha. Happy i broke though so now back in to range looking for something else to stick my last bit of investment money in.

[Dragon_Phantom]

Hmm ENEGlooks intriguing got 2000 left maybe thats a good idea

[hxbro]

I've pulled out of ENEG, going off past experience this will retrace back to low 20's

I think RRL has potential this week to go higher so I've put the money into that. Once I've made something there, I'll buy back in at ENEG hopefully at a lower price.

ENEG has a lot of potential but will drift lower due to lack of shares and lack of trading on it, certainly ENEG could be a big money spinner medium/long term, possibly short term if the news on the flow rates arrive.

I'm taking a big gamble here, could lose out on a lot of profit, all about timing now...

[hxbro]

Also, ENEG can be a bit of pain when it comes to buying and selling, always goes to negotiated trade which if you are trying to trade rather than invest is slightly annoying

[Dragon_Phantom]

Looking at discussions a lot of people are mixed minded some are out some back in.
Yea i was checking out the charts i was thinking around 20s to buy in.
Rns expected soon end jan beggining feb.
I may wait up see what happens this week if it does retrace stick in a few and see what happens.
Topped up on range yesterday so wanna diversifiy a bit so if i do get stung wont be as bad!

[hxbro]

Good round up on the last quarter this morning in the RNS, those who are interested should take a look at what's in there, covers most/all things that are currently on the table. Feb should see things moving along hopefully...

[hxbro]

RRL had some 10p buys this morning, rumours of the helium results looking very good, with news this week.

DYOR

PS I expect ENEG to rise a bit this week until some news is released pre the AGM which is on friday. Last top pre-news was 27p so a bit of profit may be possible from it's current value. The news could either be nothing worth shouting about (delays blah, work ongoing), in which case a quick re-trace back to 20p, or good news (flow rates up/well now producing) and it'll head to 30p+ with a small retrace next week until news on EL1070 IMHO. My trading cash is currently locked in RRL until the helium news, but if it's soon enough I'll be putting it in ENEG to take an extra bit of profit (hopefully). DYOR

[Dragon_Phantom]

Im in the same position lokced in to rrl for a bit.
ISA Is not opened but waiting for these resuls before i dare switch up!
PL's III Interview is knocking about somewhere need to find it.

Ive got about 2k in XTR Bit of a punt that down a bit so cintemplating pulling out and sticking in to maybe ENEG.

Going to be an interesting Month.

[hxbro]

Helium report in, all good, confirmed everything that was known already, certainly looking good for striking the black stuff.

Good to be at 10p+ now, I suspect another rise this week then onwards to 20p+ in March.

I've topped up my ISA to the limit now, will have to wait till April for the next top up. I want to have 150k shares in there by the end of the year depending on top up prices

My trading cash (the money I play around with, scraping 10% here and there) has now moved to ENEG, although I'm beginning to wonder if that is going to move this week before the AGM or not now...

DYOR

[hxbro]

12p and rising, broker man dan has been mentioning RRL on his blog, helped to push the price up yesterday (and possibly this morning).

ENEG still not moving, not happy about that (the spreadbet I put on too is looking risky now), should have left the money with range!