Following on from my comments about Range Resources (RRL) on Friday I have become far more convinced that the shares are, at 4.86p, a sell. You can read the original analysis HERE. There are two reasons for my strengthening view that this is not a stock to own in fact I would wait until the Puntland news is out and then whatever it says go short.
The first is a very odd investor Q&A released by the company on its website. Odd timing, just before the bank holiday and a few days ahead of the Puntland well results which it says will be within days. ButComments