Reconnaissance Energy (Africa) Ltd V.RECO

Gold in the shi**er, Oil has the glitter

[Redrum180]

RECO is the best speculative opportunity I've seen in a while.  

     I don't want to count my chickens before they hatch but the upside is ridiculous!   Oil is an asset you can count on; there's always a market for it and it looks like the price of oil will increase, especially with a return to pre-COVID normalcy.  More cars on the road; more industry; right commodity at the right time.

     In a world where companies that deliver sandwiches* are valued at a billions of dollars, I think I'd prefer a good oil play!

      *Doordash closed at $187 today and the market cap is north of $70 billion -- and they lost $667 million in 2019 and $149 million in the first nine months of 2020!!  

       I'm not knocking Doordash because there are hundreds of companies that seem overvalued and you all know the names; their share prices defy gravity.  And maybe some of them will ultimately be worth the price they're selling for today.  

      I guess I've started rambling because the price of other shares seems irrelevant but I think there will be a return to value investing and RECO has a chance to become a major player.  What is RECO with -- potentially -- a billion barrels worth?   Pick one:

                          DOORDASH:   $187

RECONNAISANCE ENERGY:  $4.13

[C6J6Dub6U]

great post! Even better subject punchline. I'm going to be laughing all weekend thinking of that one! You really nailed it! LOL

[Cancundude]

Just in the USA the money supply created added over 20% new dollars injected into the system. Savings in people's accounts are at an all time high. When the world gets going again there is going to be a flood of active money in the system and that bodes well for interest rates. Increasing interest rates means increasing commodities prices.  The potential of this play is staggering. Been a