Range Resources (RRC)
Posted: Sun May 14, 2017 2:50 pm
I will be featuring RRC in an article that I am writing for OilPrice.com this week.
RRC has ~34% production growth locked in for 2017, improving netbacks and their completed well costs keep coming down. Their merger with MRD was a really BIG DEAL and I don't think the Wall Street Gang has figured out how significant it really is. The Terryville Field that they got with MRD is a HUGE asset that has even more upside since RRC has proven up several extension areas since the merger.
I will be sending out an updated profile on RRC on May 15.
RRC has ~34% production growth locked in for 2017, improving netbacks and their completed well costs keep coming down. Their merger with MRD was a really BIG DEAL and I don't think the Wall Street Gang has figured out how significant it really is. The Terryville Field that they got with MRD is a HUGE asset that has even more upside since RRC has proven up several extension areas since the merger.
I will be sending out an updated profile on RRC on May 15.