Low Natural gas Inventories Could Help the Range Resources Stock Gain Further Momentum — Breakout From cup With Handle Formation?

Range Resources is a natural gas producer primarily operating in the Appalachians, with a market capitalization of $9.50 billion. Unlike most commodities, which tend to have fairly similar prices globally, natural gas has always been somewhat different due to its more challenging transportability, and prices in the USA have consistently been extremely low. However, the increasing exports of liquefied natural gas from the USA, among other destinations, to Europe are now contributing to substantial price surges here as well. The recent quarter saw...