Renaissance Oil Corp. RNSFF

$1+ by end of summer easy

[rCheung00]

a re-entry well that tests and proves the jurassic shales would put ROE stock to $1+ no problem

by the end of August the results from a re-entry well should be there

If they dont do a re-entry well and are waiting on a permit then dont expect major action other than them bidding on the new producing oil fields near chiapas in conjunction with some sort of financing (earn out, equity, debt, something....)

if the jurassic gets proven on the first horizontal frac then this company will be a takeout target...big companies need to find new massive reserves....that is why LukeOil is involved, they believe this is gigantic - not mid size or big...but gigantic

First ever horizonal frac in the modern era will be done by ROE

[rCheung00]

The $0.80 price target by that analyst is too low if the Upper Jurassic is proven to be economical to drill read more about it and u will see how big it is...it is a matter of proving it can be economical and have good data Maleki and LukeOil are after billions, not a few hundred million 

[biscuits11]

I agree with you, and so does the analyst. She states a few times that it could be worth “many times” current valuation once proved up. Here’s to hoping that permit comes in sooner rather than later.  Ferret - nice catch on the timing of Eskander’s investment, I must have read that one too quickly.

[crude]

We have someone selling into the bid again !!!!!!!!!!!!

[MajorityMob]

I hope the bid is a stronger hand.   Great analysis by Canaccord that should serve as a good roadmap into 2019 and a nice reference for new investors..  We really do need some news for the SP to get moving though.

[rCheung00]

Let them....the price will hover around 23-28 until the business advances once the catalysts come then this stock will be off and running over 30 cents easily