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World Stocks

Range Resources

Price of West Texas Crude

(ASX:RRS / AIM:RRL / PINK:RGRLF & RGRYY)
Informed Discussion. No ramping. No deramping.

Re: Price of West Texas Crude

Post Fri Jun 22, 2018 1:32 pm

Momo

IF the SP stays as is, I can see the big 3x shareholders getting angry & voting with their feet come November's round of voting

BUT, when they publish annual accounts that will say things like 30+% increase in bopd and 50%+ increase in income - and im NOT ramping that, look at last 3x quarterly reports and add up - that must have impact on SP finally. And dont forget there is no $20m goodwill imparement write down this year either so already $20m better off in P&L account

I'm just pissed off with the lack of professional PR & Communications, leaving it to Landaus Secretary to churn out same old same old communications. Its not good enough & people here NEED to ask these questions en mass in Q&A

GET YOUR QUESTIONS INTO Q&A & LET THEM KNOW YOUR NOT HAPPY - Eva has to pass these question on to Directors to review so they WILL know your feelings

And NO im not a fan of the Q&A as it usually turns into a PR disaster & opportunity for the extremely bitter ex-shareholders to spam the message boards even more than they do currently. But the directors need to know our feelings/comments & this is the only way it seems
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Loadsamoney
 
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Re: Price of West Texas Crude

Post Fri Jun 22, 2018 2:01 pm

OPEC DEAL POWERS UP STOCKS (1230 GMT)

Headlines about an OPEC deal on output have livened up the trading session, boosting crude oil prices and sending Europe's oil and gas stocks index surging more than 2 percent.
That in turn has given a lift to the whole market with the STOXX 600 now trading at fresh
day highs, up almost 1 percent.

Full details are still lacking but the market reaction would imply that the output lift is
smaller than some had expected. What we know from an OPEC source is that the cartel has agreed to raise oil production by

around 1 million barrels per day from July for the group and its allies.
The output gain is nominal but what really matters is the real change, as Reuters analyst

John Kemp explains.

https://uk.finance.yahoo.com/news/live- ... 52924.html
Celticheart07
 
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Re: Price of West Texas Crude

Post Fri Jun 22, 2018 3:50 pm

WTI now just short of $68 a barrel ( currently $67.935)
Celticheart07
 
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Re: Price of West Texas Crude

Post Fri Jun 22, 2018 9:37 pm

OIL (WTI)
COMMODITY
69.36 USD 3.56 (5.41%)
Celticheart07
 
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Re: Price of West Texas Crude

Post Sat Jun 23, 2018 7:29 am

Now that is what I call a bounce on WTI following the OPEC meeting outcome:

[IMG]http://i68.tinypic.com/2ijkcas.jpg[/IMG]
Celticheart07
 
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Re: Price of West Texas Crude

Post Tue Jun 26, 2018 4:25 pm

WTI still holding firm after the recovery following the OPEC meeting, some early day trading but climbing again to around $69 [IMG]http://i67.tinypic.com/11seemc.jpg[/IMG]
Celticheart07
 
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Re: Price of West Texas Crude

Post Wed Jun 27, 2018 11:01 am

WTI now above $71 and looking strong and the differential with Brent now just over $5

[IMG]http://i68.tinypic.com/2zh33x0.jpg[/IMG]
Celticheart07
 
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Re: Price of West Texas Crude

Post Thu Jun 28, 2018 1:14 pm

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Rexco
 
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Re: Price of West Texas Crude

Post Thu Jun 28, 2018 4:18 pm

WTI now $73.5 with a differential of $4.35 between WTI and Brent Crude

[IMG]http://i67.tinypic.com/2lbp5qg.jpg[/IMG]
Celticheart07
 
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Re: Price of West Texas Crude

Post Thu Jun 28, 2018 6:18 pm

I wonder what price Range are being paid?

Do they sell it all to the Trinidad refinery?
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Rexco
 
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Re: Price of West Texas Crude

Post Thu Jun 28, 2018 6:24 pm

Loads a,
Looking at the share price there is obviously no linkage between RRL' s share price and the price of oil.

Have we asked Eva why this is?
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Rexco
 
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Re: Price of West Texas Crude

Post Fri Jun 29, 2018 7:00 am

It is pretty clear, and has been for some time, that someone with a vested interest is using the low volumes to suppress the sp, countering any decent buys with small, seemingly insignificant trades. Why is beyond me but I believe that once confidence and volume returns the will rise quite quickly, seriously undervalued with oil @ $73 a barrel imho. As loadsamoney has said the year end figures could be quite surprisingly good.
Celticheart07
 
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Re: Price of West Texas Crude

Post Fri Jun 29, 2018 7:25 am

For the love of god STFU
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boobs
 
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Re: Price of West Texas Crude

Post Fri Jun 29, 2018 7:30 am

Thank you for that well thought out reasoned reply, very interesting :)
Celticheart07
 
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Re: Price of West Texas Crude

Post Fri Jun 29, 2018 1:06 pm

Very valid point though.
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ErraticPhil
 
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Re: Price of West Texas Crude

Post Fri Jun 29, 2018 2:47 pm

Halfway through 2018 and the share price continues to be underwhelming.
At least the price of oil should mean the company income is more than expected.
At this rate Range will be in the doldrums for at least ten years and may not recover at all.
Good luck all holders because we definitely need it.
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Rexco
 
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Re: Price of West Texas Crude

Post Fri Jun 29, 2018 2:59 pm

yep - still under 1000 bopd halfway through 2018 ffs. Waterflood has gone quiet and LO loans due in 18 months. At least we'll have a new board in Nov. Should help.
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Razzledazzle
 
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Re: Price of West Texas Crude

Post Sat Jun 30, 2018 6:55 am

Strong close to the week for oil with Brent back around its recent highs @ $79.26 a barrel and WTI just under $5 short of that @ $74.26 About time this increase in revenue was reflected in Range's sp. Lets see what answers, if any, the Q&A bring next Tuesday.
Celticheart07
 
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Re: Price of West Texas Crude

Post Mon Jul 02, 2018 10:47 pm

I know nobody seems interested but the differential between Brent and WTI is now just $3.34 (Brent 77.34 WTI 74.04)
Celticheart07
 
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Re: Price of West Texas Crude

Post Fri Jul 06, 2018 4:54 pm

After the drop of the last couple of days creating a gap down on the daily chart, nice bounce back today from WTI cutting the differential with Brent Crude to just over $3.20

[IMG]http://i65.tinypic.com/14myufs.jpg[/IMG]
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