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Bullboard - Stock Discussion Forum Renaissance Oil Corp. RNSFF

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 Discussion

Renaissance Oil Corp. > We are lucky roe didn’t drill before this virus
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Post by barryt34 on May 12, 2020 12:46pm

We are lucky roe didn’t drill before this virus

I think we are very lucky we didn't drill before this virus because if roe had to invest millions of dollars into a drilling program and then we got hit with these low oil prices there is a really real chance it could have wiped us out.  Let's hope Mexico and roe signs a deal shortly.  Now is the perfect time to push roe forward.  When the economy recovers and with the shut down of many drilling rigs and shut ins oil should go much higher if we don't see a huge second wave of the virus.  Mxico imo needs to open up its oil and gas resources and there is no better time then now.
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