Energy Prospectus

Range Resources upgraded to Conviction Buy from Neutral at Goldman
Goldman upgraded Range Resources and added it to the Conviction Buy List based on valuation, better than expected Marceullus gas realizations from favorable contracts, potential 2015 margin improvements and Utica catalysts. Price target raised to $110 from $104.

An updated Net Income & Cash Flow Forecast model for RRC has been posted under the Sweet 16 Tab.

I have increased my Fair Value Estimate for RRC to $100.75.

RRC is heavily weighted to natural gas. It is the #1 company in the Marcellus Shale and their drilling program is now focuses the super liquids rich area of the play. RRC is a first class company with massive resource potential.