Range Resources (RRC) Message Board

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Gold/Mining/Energy : Range Resources (RRC)

RRC 36.16

+2.2%

3:59 PM EST

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To: oilfinder who wrote (2)	10/19/1998 10:31:00 AM
From: doug doan	Read Replies (1) of 82

Latest Financial Data biz.yahoo.com The company (IMHO) took a very unusual step in releasing the statement. Here are the key points that I picked up on: 1. Book value is now 3x stock price. Good Ben Graham type play perhaps. 2. Cash flow is 2X price!!! 3. Company has hedged 30% of natural gas prices to protect against a continued drop over the next few months. 4. Expect some merger write offs of during this quarter. For me, there seems little downside and a lot of potential in this. Oil prices and more importantly natural gas prices are at all time lows. Indeed, a bottle of water is now 8 times more expensive than an gallon of gas. This will change. When it does, we should do right well.

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