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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

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Post by C6J6Dub6U on Jan 17, 2021 9:04pm

From yahoo boards

I think the biggest short term driver of Recaf SP are the results of o&g stocks to close the week. We stood out in a great way! Our market cap momentum will continue... RECAF +20.20 Xom. -4.8 Cvc. -3.56 Oxy. -7.63 Cop. -5.74 Mro. -4.84 Rydaf. -2.37 Bp. -4.75 Eog. -4.90 Mpc. -3.38 I could go on but you get the point.
Comment by Cancundude on Jan 17, 2021 9:18pm
I sold 50% of each of all my small and mid cap Friday morning. Kept BIR and CS which had some slight gains but RECO hammered it home with a nice big block trading in the last minutes and driving us up yet again right at the end of day. Trades like that suggest institutional money putting in a buy and they want it filled toot sweet. Having said that I really would like to see a very healthy ...more  
Comment by C6J6Dub6U on Jan 17, 2021 9:31pm
I do not forsee a pullback within the near future as nice as it would be . I think I'd take some on margin then. The next big news will be uplisting to a better bigger stockmarket. Its coming next week, possibly week after I'd they are slow. Sorry guys. I think if you haven't locked it in yet, don't wait for pullbacks as you will end up paying way more later.
Comment by Cancundude on Jan 17, 2021 9:42pm
Ah I meant an overall market correction.  My point was to follow up on yours about markets down but RECO closing on a 20% gain on the day.  I concur we will continue moving up is my feeling as it seems very overheated at the moment and that does not come to a screeching halt unless there is a negative news release. How far more will we go before we consolidate and volume drops off ...more  
Comment by C6J6Dub6U on Jan 17, 2021 9:49pm
well the uplisting to a bigger market news will be big too. And draw more sales again. Then after that just starts to quiet, the BIG news release will be either released or leaked that we are all filthy rich ba$tard$ and there's going to be a party in Africa and everyones invited . Of course, after covid chills a bit
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