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Renaissance Oil Corp. RNSFF

Energy
Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.


GREY:RNSFF - Post by User

Renaissance Oil Corp. > KEY Terms to pay attention to
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Comment by doggiestyleon Apr 19, 2021 4:00pm
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Post# 33023532

RE:RE:RE:RE:RE:RE:RE:KEY Terms to pay attention to

RE:RE:RE:RE:RE:RE:RE:KEY Terms to pay attention toI don't know the reason for the discount (if someone does understand please post it). This looks like an oportunity to lock in %15 upside. Even if the deal falls through, then we are back to owning %50 of Botswana (no different than where we were we on Friday) 

I am thinking that some longer term ROE shareholders just don't want to wait 30 days in case RECO shares go down while they wait. That doesn't seem to justify selling at a %15 discount though
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