Ann: Range signs SPA to acquire RRDSL, page-2

Here is Malcy's perspective on RRS/RRL

Range Resources

Still in Trinidad I notice that in my absence yesterday RRL put out a notice that they had signed an SPA for the repurchase of the RRDSL drilling company. The deal looks even better now as the repayment terms have been amended significantly making them less and later than planned, payments starting in 2020 give Range every chance to succeed with this business pretty soon. The shares remain suspended as this is an RTO but should return a good value play.