Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

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TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Oil at $ 71 per barrel - Target price: $ 120 to 140/barrel

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Post by Hiddensecrets on Mar 07, 2021 10:31pm

Oil at $ 71 per barrel - Target price: $ 120 to 140/barrel

RECO is definitely in a sweet spot as oil roars back....and it will hit $ 120 to $ 140 per barrel in 2021.

And it will be just in time for RECO to announce a PETROLEUM SYSTEM IN PLACE where the majors will flock in with competiting bids in the many billions of dollars - even maybe hostile buyout or, negotiations.

Very exciting times for RECO.

MPO

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Comment by Bpultra on Mar 08, 2021 9:14am

=========== IN reco's case .. as you make mention .. oil price going up or down does not make much dif right now... its going to be the drill going uo or down that makes the dif... will see where this settles after the 18th... would be nice to see the $3 handle today.. and hold for the close .. still a risky story... but got some skin in the game so will see ... you can't win if you ...more

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Reconnaissance Energy (Africa) Ltd