Back in $RRC here $2.95.. The potential for a takeover also very liked here.. RRC lowest cost producer of nat gas and natural gas liquids.. .18 P/B & .25 P/S metrics conveying extreme undervaluation at 700M market cap.. $17/per share proven reserve value.. 60% of 2020 nat gas production hedged at 2.65.. refinanced near term expiration debt although at higher interest rate, the larger interest expense is offset by dividend payout suspension.. $RRC highly correlated to $OIH oil services lately which also is technically looking for a Upside rally.
RRC bounce and rally to $4 or takeover/buyout by big oil and gas name by March..
News: $RRC Range Resources (RRC) Q3 2019 Earnings Call Transcript
Image source: The Motley Fool. Range Resources (NYSE: RRC) Q3 2019 Earnings Call Oct 24, 2019 , 9:00 a.m. ET Operator Continue reading
Read the whole news RRC - Range Resources (RRC) Q3 2019 Earnings Call Transcript
RRC board directors are buying shares NOW!!
News: $RRC This Outlook Is Bad News for Natural Gas Stocks
This year has been another challenging one for America's natural gas producers. They've discovered so much low-cost gas that they've unleashed a torrent of new production in recent years, which has pushed down prices. While those lower prices have spurred new demand, output in the country contin...
Find out more RRC - This Outlook Is Bad News for Natural Gas Stocks
Well...stopped out back then....now back in at 5.25. RRC and other gassers are sick sick sick! Way oversold mates!
News: $RRC Range Announces Conference Call to Discuss Fourth Quarter 2018 Financial Results
FORT WORTH, Texas, Jan. 22, 2019 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its fourth quarter and calendar year 2018 financial results news release will be issued Monday, February 25 after the close of trading on the New York Stock Exchange. A con...
Read the whole news https://marketwirenews.com/news-releases/range-announces-conference-call-to-discuss-fourth-quarter-2018-financial-results-7410536.html
They are negative on the sector I hope you use stops heck if this goes down below 15 I may be stopped out and will have to re-assess. I always use stops.
And a few months ago when RRC was in the low 20’s Barron’s came out and called RRC one of the best value investments. Had to believe but I don’t put a lot of weight on these. If RRC breaks below 15 though....it could be rough that’s why I set a stop below 15.
We shall see
GF, up until this weekend I felt exactly the same about RRC and how it appeared to be near a bottom and a good place to hold. Then we had either Barclays or Goldman Sachs (can't remember which) come out with downgrades and the second downgrade within a couple days they lowered their target price to 11.
That has made me wonder about what kind of recovery time will be needed for RRC it does head toward 10 while I am holding. Beginning to think that I may want to divert some of those funds to something without such near term uncertainty. However, I still buy the thesis that they are undervalued and long term can return handsomely either going it alone or as a buyout scenario.
I have been around long enough to know that not many analyst calls come to fruition so not sure what to make of the latest downgrades. Many times these downgrades ARE the bottom.
Thanks rosemountbomber....I didn't get very specific with my response because there are several factors involved with gassy stocks now. Supply/Demand....weather.....geopolitical.....politics.....etc all play some factors.
I also believe in charts and my beliefs are that these stocks like RRC are at or near bottoms so in my own opinion holding some of these long term may pay off well. Of course in this environment with these companies reducing their earnings forecasts and Capex spending it does put a strain on finances as well as shareholder value.
One other thing regarding RRC....it has ben written several times in the past year by analysts and other entities like Barrons that because of RRC's resources and output that they may be a worthy buyout candidate. I never purchase a stock based on buyout thoughts but the readings also piqued my interest in RRC.
Thanks GF, for taking the time to respond so fully. I find your explanation clear and on target. I guess my problem lay with the fact that a few months ago I surmised that energy prices would rise and looked at RRC as quite undervalued. Unfortunately I had a shorter horizon than what it now looks like will be necessary to wait for RRC to garner upside interest. With CHK I have a price target that is not that far from where it is today.
I guess ultimately my advancing age forces me not to want to be stuck in something that is a multi-year project. Many market participants were not too thrilled with RRC's 5 year plan outlined last week.
Again, thanks for responding and providing your much appreciated insight.
They both have pretty decent assets but long term I do still like RRC better even though all gassy plays right now are not participating in the increase of the price of ng and oil due to oversupply for one reason.
I do not like CHK's debt structure in comparison plus CHK is a shorter paradise making it very difficult for any lift though I do feel any lift in the gassy stocks will lift all boats.
Investing in these stocks is risky enough but on chart basis both have to be near or at bottoms. RRC is more volatile.
I do believe RRC has more value than CHK at these share prices. I own RRC and SWN both as long term plays and only trade CHK at times from the 3.50-3.70 area top 4
Who knows....many more factors involved but for now I just sit and wait with RRC (and SWN)!
GF I see you here as well on other energy boards - CHK for instance. I believe you know this area to some degree, so what would you say differentiates RRC from CHK. From a stock price performance, RRC has performed even more poorly than CHK if that is possible.
I am long this because I think this is a value story but unfortunately I wonder if we are in for a very very long wait for a rebound? Wonder about your thoughts? Worry too that energy prices have been on a strong upward move for the last couple of months and might be due for a breather and then I wonder what happens to these companies.
$RRC Range Resources (NYSE:RRC) tumbled 10% in today's trade to its lowest level in 12 years following yesterday's announcement of a $941M capital budget for 2018 after spending $1.27B in 2017, ~10% above the planned $1.15B budget.
RRC says it plans to increase production at a 13% compound annual rate through 2022 on a debt-adjusted share basis, but Motley Fool's Matt DiLallo finds the forecast "a bit underwhelming" compared to rivals such as Antero Resources (NYSE:AR), which is planning for 20% annual production growth through 2020 and 15% in 2021-22.
The company sees its debt to EBITDA ratio falling to 2.7x in 2020 and below 2x by 2022, but DiLallo says AR's leverage should drop below 2x by next year.
RRC forecasts 2018 production in the Marcellus shale of 1.8B cfe/day, up 27% Y/Y, while keeping output flat for the next five years at its Terryville field in Louisiana.
Adding here on Sell downgrade at 15.27
What a POS.
Well….a month has almost gone by and the stock is now at 16.15 as i type. Article is very detailed oriented and positive yet it doesn't account for hurricanes and the current economies.
I just bought back in here at 16.15 and now will hold long term. Not a full position ….leaving funds available to add if necessary. Other than that…..YIKES! I still feel RRC is best positioned of the gassers to recover or be bought out.
I probably should wait until Summer is over to buy anything but really they have the assets that any multinational would consider. Looks like part of the share price demise is also a product of supply/demand but yeah….agree.
well I hate their accounting method if the lose money the stock raises and if they have earnings the stock dumps? don't understand I think they should start losing money again maybe the stock will get to $25 and I'm out! These gas jokers are so selfish and lie, bring back the Saudi's at least we know them better
I am looking for a long term entry…..just nibbled some to begin with. Probably fall further where I can add but sheesh!
Stop the bleeding, they are still babbling on and the stock dropping every minute please shut up will this ever end?
they are killing it, headed to zero, maybe a merger come today!
A takeover, what a loser!
and what happened? gas is all time cheap think Range can keep up? or bail? not looking good luck to hit $25 and that will be a while
in the dumpster!