Range Resources (LON:RRL) - Dynamic backdrop
Dec 15th 2011 - Edison Investment Research today published a report on Range Resources (RRL.L, LSE:RRL, LON:RRL) entitled "Dynamic Backdrop". In summary, the report says:
Range Resources is one of the most interesting entrepreneurial E&P juniors with plenty of scope for positive news flow. Excellent judgement has been exercised concerning the moves into Texas and Trinidad, which now offer the prospect of highly significant near-term production and cash flow. Meanwhile, drilling is poised to commence in Puntland, which has company maker potential. Interestingly, Range has recently gained exposure to frontier offshore Morocco through a stake in Tangiers Petroleum.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
