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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Impatient Sell Off - Rookie Mistake
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Post by Zoolanders21 on Aug 30, 2022 10:02am

Impatient Sell Off - Rookie Mistake

My high net worth investment firm has Reco still fair valued at over $6 per share. Do i trust seasoned investors who manage billions of assets or some yahoo's conjecture on this bull board ... Hmmmm
Comment by Harel1976 on Aug 30, 2022 10:18am
If you want to be on the safe side you can trust the market.. 
Comment by Wynjoe on Aug 30, 2022 10:35am
Seasoned investors, lol.They are selling for the last six months while at the same time promoting this stock.Reco has broken to the downside...THAT'S VERY BAD!!! Reco would have to strike the oil find of the century to surpass $6.35(last equity raise).Someone knows something,hence the sell off...Realistically with s/p @ $3.35 and a marketcap of OVER 600 BILLION DOLLARS..tell me where that ...more  
Comment by Zoolanders21 on Aug 30, 2022 10:46am
No insiders have sold any stake in RECO. If what you cliam is true you would see directors and insiders selling which is not the case. It is market panic as always and in the twilight low volume last few weeks of summer. You may try reading anything that Warren Buffet has ever written before you lose your shirt. GLTA
Comment by Wynjoe on Aug 30, 2022 11:20am
I agree,Reco is a MAJOR BUY. Nothing has changed for this lucrative oil play except it's cheaper to buy in. This basin (where they are drilling not 1 but FOUR wells has an extremely high potential of striking a major oil field,do the research. The first well should be nearly drilled but testing will require time. S/p will skyrocket immediately upon positive results and I suspect above ten ...more  
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