RRS range resources limited

Range Resources - Lessons

  1. 230 Posts.
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    Range resources has been one of the best bet for me this year with over 250%+ and counting.

    I would like to share my experience as to why I invested during maximum pessimism so that newbies can learn and observe the same scenario and may be profit from similar situation:

    The reason I bought at one of the lowest price range was due to the following scenario:
    - Management changed. (New CEO - RS Russell - strong operational experience in the sector)
    - New ceo bought additional recruits which looked to me as a foundation for good organisational structure.
    - Expensive debt cleared, preserving the money.
    - Focused on strength (Trinidad), Cut Weakness (Exit, Farmouts)

    I hope this helps to new people in the market.
    Never go with the crowd, observe and analyse the situation like a chess player.

    Sab Maya
    DYOR
 
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