Reconnaissance Energy (Africa) Ltd V.RECO

Low Share Price

[UncleNas]

With all the good news latety, I'm surprised the share price isn't climbing lol

Any thoughts on this?

Thanks, good luck to all

[bidoux67]

I am surprised myself as well. I think we might have to wait a bit for the 2nd drilling results to be completed in the next couple of weeks. I can only assume the results will be great and we should reach our ATHs again. In the meantime I have no idea where our share price will drift to. Usually the price trends upwards with anticipation of good news but so far that has not happened. Guess we will

[InvrsContrarian]

Planning beyond exploration. Slowly the potential of oil flowing would be sometime down the road. But I can't help to wonder if this play is too big for this small venture company. So they potentially take over a company ROE that couldn't make ends meet in Mexico, crying that the government ripped them off. Meh just raise $30 Mil and bury that saga. And now 3rd quarter talk of JV's

[headtotoeinthe6]

I believe it’s because the stock is still a relative unknown. Crazy seeing as how the company was featured in a CNN article. On Stocktwits for instance there’s only now 4700 followers, while other seemingly obscure stocks (companies) regularly have 10k-15k watchers. meme stocks seem to average well over $125k watchers. I’m thinking the biggest near term catalyst will be when the stock is

[Buyhigheatchips]

Guys, $1.4 billion on preliminary results. That's a pretty enthusiastic vote if you ask me. Incremental gains on more positive news but official reserve numbers and a path to production may be needed for the next big leap. 

[SunnyRanch]

Great comment, BuyHigh great comment. Speculation and positive well results only take the share price down so far. Every Oil Company Outside of Russian, Saudi & Brazilian national companies is dying to find something like this and there is enough for everyone. Chinese Nationals will bid on this if they had a chance in heck. Tickets to the show are likely to maintain or get more expensive over