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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 jaybsinon Dec 13, 2020 8:53pm
266 Views
Post# 32097041

RE:RE:A little help

RE:RE:A little help

Somewhat agree, it all depends on your risk tolerance. You should be on you $$ unless you have stops set anything can happen any day in these types of stocks its not a large/mid cap.  If you bought this stock because you believe and are willing to take the risk then Why sell?  If you don't understand shorting you should def not try swing trading.  Cause you won't read charts right.  At least If you think your staying in don't sell your profits keep them in.  This is a high risk high reward so be prepared.  If you are nervous get out.  My simplest advise is if the stock runs enough for you to be shocked and open your balance, refresh your screen, sell a bit cause it won't last. 15-20% gains rarely do without a pull back.

You may want to stay in till spud and sell all but your profits in just before, if your risk adverse. or you can throw it all in RED

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