Fund Gurus

Range Resources Limited: Huge Upside Potential After Significant Sell Off

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%.

The Business

Range has oil and gas interests throughout the world....

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