Range Resources Live Discussion

pb999 11 Jan 2018

Re: Inspirations and warnings Still can't see it. What has the link to do with range, especially as it has never paid a dividend?

alansugareatyourheartout 11 Jan 2018

Re: low cost trades "It's still relevant - after paying my 2016/17, I've started looking at my Tax for 2017/18, so would possibly sell shares to realise a loss - even if I'm not paying it for another 12 months or so"Dolly mentioned the 31 January date in the context that it is a cut off point for realising losses and as such might accounts for some of the sales. I correctly stated that the 31 January date is not relevant with regards to any cut off point for CGT. If you want to crystallise a 2017/18 CGT loss then sell before 5 April 2018.

akaDolly 11 Jan 2018

a bit of a negative view It is to be hoped RRL have done their negotiating on solid terms[link] Once a cornerstone of the economy, Indonesia’s oil and gas sector is in a slump, even as the country’s appetite for energy soars.Hit by a drop in global prices, changing regulations and competition from neighbours that are proving more attractive to international energy companies, South-East Asia’s biggest economy is facing a decline in oil revenue and steadily rising fuel imports.With an economy growing at a 5% clip and the government embarking on a vast infrastructure roll out, the oil and gas industry is sounding alarm bells over the decline of a sector that five years ago accounted for almost 6% of Indonesia’s gross domestic product and last year contributed only 3%.“There seems to be a lack of long-term vision,” said Tony Regan, an independent oil and gas consultant based in Singapore. “There seems to be an acceptance that oil production is declining rather than saying we can turn this around.”A lack of drilling success and commercialisation issues have weakened Indonesia’s outlook and spending is likely to drop further, said Johan Utama, a South-East Asia oil analyst with Wood Mackenzie Ltd.In the soft, pale leather armchairs of Jakarta’s Cognac Lounge, seasoned oil executives discuss the decline of the industry and remember the way it used to be. The lounge, with its selection of fine wines and brandies, is the heart of Bimasena, the mining and energy club set up by former President Suharto 20 years ago.Opec daysIn those days, Indonesia pumped about 1.5 million barrels of oil a day and the country, in 1997, was host to the meeting of oil ministers from the Organisation of Petroleum Exporting Countries (Opec).Now Indonesia has applied to rejoin Opec after being out of the group for most of the past eight years. Oil traders and executives complain of a dearth of exploration and “stagnant” investment in the country.Part of that is caused by the drop in oil prices since the heady days from 2011 to mid- 2014, when crude averaged more than US$100 a barrel. Now it’s less than half that level, affecting investment decisions worldwide.But Indonesia’s oil explorers are feeling the pinch worse than most, said Regan.“Indonesia has a reputation as being a difficult place to do exploration and development, not so much because of the potential, but more because of the sheer difficulty in getting approvals and permits and moving forward,” he said.After two years of declines due to oil’s slump, exploration and production spending worldwide is forecast to increase by 3% this year, to around US$450bil, according to Wood Mackenzie’s Utama. And some of Indonesia’s neighbours are leading the rebound.“We’re expecting a healthy jump of investment in the near term in Brunei, India, Malaysia, and Vietnam. The total upstream spend for Malaysia in 2018 is expected to grow about 20% compared with 2017,” Utama said.Utama said up to four offshore rigs were probably active in Indonesia in the first half of 2017 compared with as many as 19 in 2013-14. “The overall picture is of declining production,” he said.The drop has also reduced the industry’s contribution to Indonesia’s state coffers. A decade ago, oil and gas accounted for a quarter of the government’s revenue. Last year that had fallen to 3%.Government plansIndonesia’s Energy and Mineral Resources Minister Ignasius Jonan said in an interview in April that the government was planning for expansion and aimed to lure as much as US$200bil in investment over the next decade, offering incentives such as tax-free import of drilling equipment and simpler cost recovery. It is also revising the tax structure.He said state-owned oil giant PT Pertamina is spending billions of dollars to boost production and refining capacity and Indonesia’s crude ou

akaDolly 11 Jan 2018

Indonesia desperate for oil [link] 27, 2017 10 pm JSTIndonesia's thirst for oil sends Pertamina on global questFrom Iran to Russia, state energy company invests to shore up volumesJUN SUZUKI, Nikkei staff writerOil and gas sales represent about 10% of Pertamina's revenue; much of the rest is generated by downstream segments, including gasoline retailing.Government pushIndonesia used to be Asia's premier oil producer. Major international players like Royal Dutch Shell and Caltex, now part of Chevron, took on large development projects on the islands of Sumatra and Borneo.Production has slowed, however, with both resources and investment drying up. This has forced the country to fuel its growing economy with imports of crude oil and many petroleum products. In 2004, the country became a net oil importer. The government has said it will start importing liquefied natural gas, too.Income from Pertamina's oil and gas and related taxes is vital for the government, which is plagued by insufficient tax revenue. The country decided to withdraw from OPEC late last year because it feared being forced to cut production, which would hurt its finances.The government has a clear incentive to support Pertamina's overseas endeavors. President Joko Widodo himself negotiated with Iranian and Russian leaders to help the company win the deals with National Iranian Oil and Rosneft.

akaDolly 11 Jan 2018

What the experts said about oil prices A couple of views on oil prices, nearly ten years apartJANUARY 2018[link] doesn’t want central banks around the world the start responding to inflationary pressure from oil prices above $70 a barrel, nor do they want U.S. shale investments to rise, so the cartel will try to talk oil prices down if Brent exceeds $70 per barrel in the coming days, according to Goldman Sachs.At 09:32 a.m. on Wednesday, Brent Crude was up 0.41 percent at $69.10, just shy of the $70-a-barrel mark, after the American Petroleum Institute (API) reported a staggeringly large draw of 11.19 million barrels of United States crude oil inventories for the week ending January 5, marking six large draws in as many weeks. Robust global oil demand growth is also supporting oil prices, as well as geopolitical concerns out of the Middle East, most notably Iran.OPEC would otherwise enjoy $70 oil, but central banks could intervene to temper inflation from the higher oil prices, and U.S. shale would grow more at that level, Jeff Currie, Goldman Sachs’ head of commodities research, said in a Bloomberg television interview on Wednesday.“OPEC members do not want to see that,” Currie said.“In general we’ll probably see more noise and rhetoric if prices trade above $70 a barrel in the coming days to push this market back down to lower levels,” he added.THIS IS WHAT THE VIEW WAS IN SEPT 2008[link] head of commodities research for Credit Suisse, Tobias Merath, believes that oil cannot sustain a fall below $100 a barrel. He believes once the markets test those waters, OPEC will simply turn off the spigot and curb production (Reuters):On oil, I think the bulk of the correction is behind us...We think it can test $100 or drop slightly below it in a couple of weeks, but it should not remain below $100 on a sustained basis.At the same time, OPEC countries are producing quite a bit of oil since March and that is apparently working. But the moment oil drops below $100, they will be quick to cut back production...We expect a recovery in oil prices in 2009. We expect prices to hover between $115 and $120 in 2009.Apparently, while $150 oil is crippling to the world economy and a powerful impetus for alternative energy research and funding--and, therefore, frightening to OPEC--$120 oil is just fine.Assuming Credit Suisse is right, in other words, the oil "super spike" has severely changed the expectations game. A year ago, OPEC would never have been able to intentionally sustain prices above $100 without infuriating the rest of the world. Now that $100 seems like a bargain, however, reducing supply doesn't seem so far-fetched.

akaDolly 11 Jan 2018

Re: Inspirations and warnings Its interesting to see the roundups but it would help if the articles contained a click link to the specific stock site. I would like to see the divi quoted on the article as wellMotley FoolUnilever plc isn’t the only dividend growth stock I’d hold for the next decadeThursday, January 11, 2018 - 11:14While a high dividend yield may help an investor to beat inflation today, the reality is that the growth of shareholder payouts could be even more important in the long run. Not only could they allow an investor's income return to move well ahead of inflation in the long run, they also signal to the stock market that the company in question is confident in its future prospects. They may also suggest it has sound financial standing.2 hot growth stocks that could make your fortuneThursday, January 11, 2018 - 110Specialist international food packing business Hilton Food Group (LSE:HFG) has enjoyed a meaty five years, its share price rising 188% in that time. Its protein-rich vein of form has continued over the past 12 months, when it grew 27%. However, the share price is unchanged today as investors digest its trading update for the year to 31 December.2 unloved dividend stocks you might regret not buyingThursday, January 11, 2018 - 10:36Shares of defence-focused technology firm Ultra Electronics Holdings (LSE:ULE) rose by more 16% when markets opened this morning after it reported "significant exposure to the strengthening US defence budget."Beware: Premier Oil plc is on the ‘most dangerous’ listThursday, January 11, 2018 - 10:11One of the most important lessons from 2017, is that it's important to monitor the list of stocks that are most shorted. These are companies that hedge funds want to see fail. A classic example last year was Carillion. It was (and still is) the most shorted stock in the UK. The shorters clearly detected something wasn't right and they were correct in their judgement. The company released back-to-back profit warnings and the stock lost 90% of its value over the year. The shorters cleaned up big time.A rising oil

akaDolly 11 Jan 2018

Inspirations and warnings [link]

forget_it_again 11 Jan 2018

Re: low cost trades It's still relevant - after paying my 2016/17, I've started looking at my Tax for 2017/18, so would possibly sell shares to realise a loss - even if I'm not paying it for another 12 months or so I'm not, but you get the drift.

overredrover 25 Oct 2017

In normal circumstances past performance is not an indication of futuure performance but in this case it is.

overredrover 24 Oct 2017

ASX 50 per cent rise. No Celtic. The only suckers are those that are still holding this rubbish. Your ramping is pathetic to say the least.

overredrover 19 Oct 2017

Re: RRL Stream Log Celtic, putting it plainly, you talk crap.

overredrover 29 Nov 2016

Celtic, I don't believe what you are saying and furthermore I don't believe you believe it either. You are full of SH one T.

overredrover 19 Oct 2016

Let us not forget the improved bod for September.

overredrover 28 Jun 2016

Have not been a soccer fan until recently. I am off to Iceland to learn how to play the game.

overredrover 14 Jun 2016

Marshsi, you are absolutely correct. Also, I note that trading is still suspended on ASX where I trade. This is because an Australian director is yet to be announced. Something stinks!