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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