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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 Bpultraon Nov 05, 2021 2:14pm
111 Views
Post# 34093308

RE:RE:RE:RE:RE:RE:Superb Article on OilPrice about RECAF

RE:RE:RE:RE:RE:RE:Superb Article on OilPrice about RECAF
doggiestyle wrote: True,I'm not a trader so staying away until there is something tangible. Smart traders were likely buying on Monday and selling today. (Knowing me - I'd likely be doing the opposite if I was trying to trade it - so I think I'll just sit and watch) 


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the only problem with that is you could think oh  it is a good time to buy and it will be at the top...  you have to do alot of DD and do your own  DD not what you read here or hear here ... you either believe in the DD you have done and hit the buy button or this is not the stock you should even be looking at .... I started buying heavy at 2.60 .. so I may have some cushion and can maybe take more risk than others... but some bought at $4 at $5 at $6 at $7 at $8 at $9 at $10 at $11 at $12 at $13 at $13.84   each one of those thought that was the right time to buy...  time will tell if any of us our right but I still believe the story ... and we have alot of shorters that do not ..  so this makes a market .. . glta 
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