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Range Resources Corporation Message Board

  • cc10101999 cc10101999 Oct 15, 2012 11:50 PM Flag

    This stock is artificially high

    What is holding it up except buyout speculation? The PE is ridiculous, the current ratio is less than 1 and there is a lot of long-term debt.

    What do you all like about it?

    Sentiment: Sell

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    • Only buyout speculation.
      Problem is that there are other companies that are trading at much better P/E with quality assets and are not buyout targets.

      RRC is way too pumped up and nothing is supporting it. Once the hedges are gone business will be losing money. Also, if Romney wins, he will discount leases and will offer leases to competition at cheap rates. No reason to spend $10BIL for this.

      Price of NAT gas will stay down for a while, as long as we have almost max in storage. In addition, Oil will come down as well.

      RRC NPV will come down substantially in calculation and so will the stock price.

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