range resources presentation this evening, page-2

I was at the preso last night. My impressions were positive regarding RRS. Who would have guessed that Trinidad produces oil. I like the cashflow from producing wells to keep the company to fund exploration activities, which means that the need for future cap raising from shareholders and financiers is lessened. The portfolio pipeline is long and fairly diversified in terms of geography. Long term hold, with a small parcel to trade on snippets of good news.

The other company that impressed from last night was Strike Energey (STX).