Bear of the Day: Range Resources (RRC)
July 26, 2010 at 06:26 AM EDT
Range Resources (RRC) long-term production prospects are gaining momentum, but while the company’s second quarter production increased on the back of solid contribution from its core Marcellus Shale properties, this area is primarily over-pressured and, in some areas, contains rich gas that must be processed further. As such, Range Resources needs more capital as well [...]