Range Resources Corp. (RRC)

Natural Gas Prices will rise

This account tracks the performance of the investment firm Ruane, Cunniff, and Goldfarb - the investment manager of Sequoia Fund.

N Gas will become the clean fuel that we need in this country.

Gas prices will rise somewhat but not a lot near term as economy continues to pick up. The continued low and stable pricing of gas will attract more usage of it for electrical power because the price penalty will not be severe against coal and pressure will increase to close the dirtier coal plants. Gas supply/availability continues to improve so that profitability of gas will become a higher volume, lower cost race rather that a price only race. RRC will be a winner because of its shrewdness in this market, aggressiveness and leaseholdings.

T. Boone Pickens likes the long-term outlook of this company

Oil prices are going increase with inflation and as long as there is a substantial demand, there will be a demand to search for new resources.

below 12 Month MA

Marcellus Shale. RRC owns rights to drill in 900,000 acres in Ohio, West Virginia and PA, where this huge shale formation holds a trillion cubic feet, yes that's trillion with a "T" , of natural gas, which is waiting for extraction. When nat gas prices return to $8/cu.ft. or more, they will make more money than the US mint!

The company has started to perfect the drilling in its Natural gas wells which should allow it to bring on production at an increasing rate. Also natural gas should rise over the next couple of years as a stop gap between coal and wind/nuclear energy.

RRC is a great company, it has vast amounts of natural gas and it's close to the biggest market on earth,what more could you ask for in a company, it will be a money maker for many years to come!!

Among the market's most expensive stocks.

These I would short, especially versus the S&P 500.

Sell: esi gild mfe pcln rrc

Range does a good job both in the field operationally and in the office in the asset management side. I am long on most energy stocks, especially independents. Even with all the alternative energy stuff, independents will find a way to survive profitably.

With their focus clearly on unconventional gas, shales as a primary target, Range is nicely position to grow in the face of what could be a rough gas market for the next 2 or 3 years. I like the targets they've chosen and their gentle approach to their business.

Price multiple is still as if oil were at $140/barrel. $100 cheaper, the price is way too high.

This outfit is buying up rights to natural gas everywhere their engineer's data supports the mid-to-long-term outlook for America's petroleum-based future and they can negotiate a fair deal with the owners. Oil is at at all-time low (in modern memory, but companies like RRC, DNR, MOS, POT, and even some like CHK are poised to be the leaders in a sector that will see it's time again in the not-too-distant future.

beat down NFG stock trading at low P/E

Forget the high P/E. This stock is too cheap. They'll earn $2.50 in 2009.

Oversold and great long-term fundamentals for natural gas.

Morningstar fair value $92 with some uncertainty