Range Resources (RRC)

[dan_s]

Range Resources is in the Sweet-16 because I believe it is the best "gasser" out there. The Management Team is Top Shelf. RRC also gives us exposure to the Mississippi Lime play in Oklahoma. Below is a link to a good article on the company. - Dan

"RRC has ramped production at a 15% annual pace since the end of 2006, on the Marcellus Shale. Absolute production was up 12% in 2011, but excluding sold assets, organic production rose 36%. On aggressive drilling at Marcellus, we see production growth of 41% in 2012, 21% in 2013 and 16% in 2014. In 2012, RRC has several new initiatives, targeting "super-rich" wet gas (more ethane and more liquids) at Marcellus, Utica, the Mississippi horizontal play and Cline Oil Shale. RRC will cut rigs at Marcellus in 2013 and run 5 rigs at the Mississippi play."

http://seekingalpha.com/article/1127221 ... urce=yahoo