Ranges Resources Limited (OTC:RGRLF) is a dual listed (UK and Australia) small cap oil and gas exploration company. Despite a diverse asset mix the share price has been in free fall during 2013, falling 70% from its YTD highs in February. Various setbacks in production combined with management's poor communication to markets fuelled short selling. Despite the share price woes, the strength in the company's assets and proposed growth strategy is meaningfully undervalued by the market. Hitting 3 year lows, current valuations combined with near term catalysts present an excellent opportunity. Based solely on production assets alone, the market seems to be undervaluing the business by 74%.
Range has oil and gas interests throughout the world....
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|