Range Resources (RRC)

dan_s · Post by **dan_s** » Mon Nov 21, 2016 4:10 pm

I just completed updating our profile on RRC. It will be sent out via e-mail later today.

My valuation remains $50.70/share, compared to First Call's price target of $47.49.
> Q4 will be the first full quarter "post merger" with MRD. I think it will impress the Wall Street gang.
> We are one Polar Vortex away from a big spike in natural gas prices.

IMO RRC is the #1 natural gas company in the world. It has over 100 TCFE of 3P reserves and one of the best marketing groups in the business. The merger with MRD gives RRC more access to the Gulf Coast market. Their realized gas and NGL prices will be much higher in Q4 and should continue to improve in 2017.

If you want to add more exposure to natural gas in your portfolio, this is a darn good place to start.