RRC Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: RRC may benefit from a recovery in natural gas prices, supported by strong cash flow and historical performance indicating price resilience. Increasing implied volatility suggests traders are positioning for a potential upward move.




Bearish Case: Ongoing volatility in natural gas prices poses significant risk to RRC's profitability. The mean-reverting price action and low trading volume indicate potential for price stagnation or downturn.




Potential Outcomes:

1) 60% chance: Stable gas prices lead to recovered share price.

2) 20% chance: Natural gas price spikes, driving RRC up but increasing volatility.

3) 20% chance: Market reactions lead to further declines due to investor sentiment.




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October 27, 2024


Range Resources Forecast

RRC        Range Resources











Correlated Assets

Assets that tend to move strongly with RRC



CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (0.92)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.88)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (0.85)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.84)


AR Forecast + Options Trading Strategies   AR  Antero Resources (0.82)



Uncorrelated Assets

Assets with little price relationship to RRC



QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.0)


RYAN Forecast + Options Trading Strategies   RYAN  Ryan Specialty (-0.0)


CR Forecast + Options Trading Strategies   CR  Crane (0.0)


TECH Forecast + Options Trading Strategies   TECH  Bio-Techne (-0.0)


RVMD Forecast + Options Trading Strategies   RVMD  Revolution Medicines (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against RRC



UBT Forecast + Options Trading Strategies   UBT  ProShares Ultra 20+ Year Treasury (-0.78)


TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.82)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.83)


FXF Forecast + Options Trading Strategies   FXF  Rydex Investments - Invesco CurrencyShares Swiss Franc (-0.85)


LH Forecast + Options Trading Strategies   LH  Laboratory Corp. Of America (-0.85)









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