Range Resources (RRC)

[dan_s]

Range Resources (RRC): An updated profile and forecast model have been posted under the Sweet 16 Tab.

My Fair Value Estimate is only $81.30 since I now assume $3.50/mcf for Henry Hub gas forever in all of my forecast/valuation models. Obviously, beyond 2015 the price of gas should move a lot higher. If you have a long-term horizon (beyond 6 months), then accumulating RRC now makes a lot of sense.

RRC's 52-week high is over $95 and if U.S. gas prices firm up after next year (as LNG exports ramp up), RRC will set a new high.

In the very short-term, I think natural gas spikes to over $5.00 in early December.

RRC is a "Core Holding" quality stock.