Range Resources (ASX:RRS) Still Has More Oil in the Tank
Ever since we profiled Range Resources (ASX:RRS) back on October 8th, 2009, we stressed at that time that Somalia was key to the Range Resources story and stock potential. On December 14, 2009, the Company announced positive news regarding the company’s Puntland interests. Since then, the stock has made a significant run. We have always believed that this stock has huge potential. Obviously, no one has to be alerted about the geopolitical risks about operations in Somalia but most savvy oil industry insiders believe that Somalia has huge potential for a huge oil discovery. The stock of Range Resources is just beginning to reflect that potential.
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