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Range Guatemala Deal – good news says Fox Davies, shares, now 2.7p, worth 22p

By Staff Writer | Monday 29 July 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Today’s news that the Company is increasing its exposure to the Atzam prospect in Guatemala is a welcome lift for Range Resources (RRL) claims its house broker Fox Davies. In a note out this morning analyst Zac Phillips argues that the deal provides the Company with further exposure to near to medium-term cash generating assets, which in turn will support its development of assets elsewhere in its portfolio. 



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