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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

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Sell What you can, Not what you want
View:
Post by Oregonduck on Feb 21, 2022 6:30pm

Sell What you can, Not what you want

Possibly WW3 in Europe should NATO step in defence of Ukraine.

The stock mkt will collapse. I predict crude and oil stocks will crash which would seem counterintuitive for some oil  bulls.

Sell Reco and let the promoters support it by buying the dump until they can't.

The Co Reco has net equity of only $91 million and no oil, but the stock is priced at a pie-in-the-sky $1.2 billion. That's insane valuation  !!??
Comment by Luckboxx on Feb 21, 2022 7:09pm
Another BTFD signal.   Thanks for the tell.
Comment by pacer001 on Feb 21, 2022 7:59pm
Mr. Duck there will be no WWIII , at least for the foreseeable future,because the weak wallowing West will cave to Emperor Putin just like it did in the late 30's to Hitler.  Putin is following Hitler's playbook to the letter. France and Britain had some of the world's best and largest militaries. Hitler had striped his western garrisons to the bones leaving youngsters and ...more  
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