Range Resources (LON:RRL) - Trinidad focus
Aug 10th 2012 - Edison Investment Research today published a report on Range Resources (RRL.L, LSE:RRL, LON:RRL) entitled "Trinidad Focus". In summary, the report says:
Range is evolving from an entrepreneurial to a more development-focused play based on its Trinidad operations and its recently acquired interests in Colombia’s Putumayo Basin. The drilling programme in Trinidad has proved highly successful over the past year while the prolific Putumayo Basin offers relatively low-risk exploration upside. Range has inevitably been hit of late by the failure to make an unambiguous discovery in Puntland. The market capitalisation, however, is well underpinned by the Trinidad and Texas assets alone.
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 »
