You know that I am a bear of AIM listed oil producer Range Resources (LSE:RRL) but I am nothing if not a balanced sort of fellow and hence this piece. I reckon that the shares are stonking short on the basis of non delivery, peer group relative cashflow multiples and the act that Range’s cash position is less than splendid – I am convinced that it will do a funding at some stage soon.
But others are bullish. Notably the company’s house broker Fox Davies which has reiterated its 25p target share price and buy stance in a research note out today ( 19th December).
My target price is 1.5p and you can read why HERE.
But becuase I am such a decent sort of fellow I offer an alternative viewpoint.
Whether you buy, sell or hold is your call. Have a very merry Christmas.