RRS 0.00% 0.1¢ range resources limited

all or nothing

  1. 1,419 Posts.
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    I've held RRS for some time now. I didn't buy at the highs and haven't average down when its been at its lows for one reason.
    I believe with Range its all or nothing.I dont think anyone doubts that Range is sitting on billions in oil and possibly other metals and if they were in a country with political stability that the sp would already be 5-10 fold current price.
    It all comes down to if and when they can start extracting whats there before they get kicked out.If left to do as planned the sp will look after itself and averaging down wont mean much.
    Its like punting on a 20-1 longshot and putting it all on the nose to win.All or nothing.
    One other hurdle which may come up in the future is a challenge by previous oil co's whose data has been handed over to Range and theres some uncertainty as to whether previous leases were ever relinquished.
    As i said i hold and will wait for 2010 and see whats happening then.
 
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