Wednesday April 23, 2014


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Range Resources – I have some sympathy

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- Tom Winnifrith

Range Resources (LSE:RRL) was forced to issue a statement on 14th December saying that it noted unusual share trading activity and knew of no reason for this but that it plans operational updates within the next few days. Though I continue to believe that the shares are materially overvalued at 3.95p (my target share price is 1.5p) I find myself having real sympathy for the company. I guess it is all that Christmas spirit filtering through even to my black Ulster heart.

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