Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Comment by Cancundudeon Jan 18, 2021 6:31pm
402 Views
Post# 32322922

RE:Tomorrow

RE:Tomorrow

Cyrustg all good points and I might add one. We are in the beginning of a super bull cycle in commodities thanks to Covid. Even though oil has been beaten up this is the environment for micro cap companies and this is the start of the rotation into higher risk and more torque plays. Myself I dived in with all the large cap energy names in April, rotated into the mid-small caps early October and now rotating into the micro space as it's the time of the cycle to make such a move. RECO just could not ask for better market timing. Been doing this a looong time and it just does not get better than this it really truly doesn't. I read someone mention he was around 40ish and him and his wife invested the life savings of 70g or something like that. Normally I would say that's crazy but on this play it's probably smart. The planets the stars have all aligned for a big jump in sp. Most likely we will see more volatility as we get higher in price and much riskier but as long as one does not get greedy and takes some profits at some point this is almost as close as a guaranteed winner at current prices. It's simply the fairy tale come true. 

CCD 

<< Previous
Bullboard Posts
Next >>