Post by
Oregonduck on Mar 03, 2022 12:02pm
World-class Hype
Namibia offshore this, Guyana offshore that...Crude going up to the Moon.
Africa Oil (AOI) with Total found 3 billion barrels of oil offshore in Namibia. The stock had since dropped from around $3 to just over $2. People here were going ga ga over the find. AOI is run by the legendary Lundin family with billions barrels of oil in deep offshore wells in Nigeria and on shore oil discovered in Kenya 9 years ago. Compared to Reco that has no oil, just hype. The Co has just one rig and no JV's.
Look at other promotions in offshore Guyana such as CGX (OYL) which tanked today.
This is just nuts with the longs. Oil price.com and others have stopped promoting Reco, wary of being accused of pumping up the stock price for remuneration.
Comment by
hydrocarbss on Mar 03, 2022 7:08pm
Not sure I understand why you are so fixated on other's behavior? Are not people allowed to be exuberant about potential? How many undeveloped oil fields have nations invited you to explore and delineate? Do you bring a wet blanket to every venue you attend?
Comment by
pacer001 on Mar 03, 2022 8:47pm
Hydro, as to your comments about Mr. Oregon Duck:"Why Do to you bring a wet blanket to every venue you attend?" Answer: because he is a quacking Duck! Quack! Quack!