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

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

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

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > RECO getting OVERSOLD again
View:
Post by teheran10 on May 10, 2021 3:52pm

RECO getting OVERSOLD again

It was a good chance to p up a few shares today. We are getting into Ovesold territory again. 

Should be fun this week. 

$150-$250

Comment by JohnnyDoe on May 10, 2021 4:22pm
How do you arrive at the 150 to 250 per share?
Comment by TurnToTheRight on May 10, 2021 9:30pm
Good luck getting any semblance of a logical rationale. I appreciate his enthusiasm, and I really hope he's right, but he has zero data or reason for the numbers.
Comment by Tarheel89 on May 11, 2021 12:16am
obviously a time machine transported him back from whatever date they announce the VSP, 2DS and Well 6-2 results.
Comment by montreal10 on May 11, 2021 5:55am
Those who are predicting future stock valuation  , are often simply extrapolating Analysts predictions. Take Haywood report and their cad$24 target price for a 0.5 bbo; extrapolate to  5bbo  and you get to cad$240stock price. Nothing more fancy than that i am not saying extrapolating is the right methodology here but that what most posters do 
Comment by Oreelly on May 11, 2021 10:53am
Valuation per acre based on commercialization. Right now market cap 1,520,000,000/8,500,000 acres = $178.82 per acre. See Scot Evans You Tube video starting at the 14:45 mark and the graph he offers.   https://www.youtube.com/watch?v=jyS59jgMgiU
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