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Bullboard - Stock Discussion Forum Renaissance Oil Corp. RNSFF

Energy

Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.

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Comment by wmstockon Apr 19, 2021 10:35am

RE:RE:RE:RE:RE:TIMBERRRRRRRRRRRRRRRRRRRRRRRR! ROE go to at 0.16¢ very fast

Pursuant to the LOI, ReconAfrica will issue to each holder of a Renaissance Share 0.046 of a common share of ReconAfrica

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Discussion

Post by petesfreak15on Apr 19, 2021 10:32am

To simplify....

Its not a cash buyout - its a share swap. Lets hope there is more news on Reco side, and our management can negoiate a better swap (considering our 50% rights to it). Even a point .005 ...more

226

Discussion

Energy Co Unveils Q3 2024 Results: Record Growth & Strategic Expansion

posted Nov 21, 2024 9:00am by Coelacanth Energy Inc.

In Q3 2024, Coelacanth started the construction of its planned $80.0 million infrastructure project that includes over 35 kilometers of pipelines and a facility to handle current behind pipe volumes and future expansions. Ultimately the facility will be able to handle approximately 16,000 boe/d of which Coelacanth has approximately 4,400 boe/d tested but shut-in at the 5-19 Two Rivers East pad ...read more

Post by Moneycaton Apr 19, 2021 10:22am

People need to learn basic math

This should be at .46 cents. Plain and simple!! It was not a dollar value agreement....it is a share value agreement. .046 of a RECO share for every ROE share !!

228

Discussion

Comment by Ebenizer3on Apr 19, 2021 10:21am

RE:RE:RE:RE:TIMBERRRRRRRRRRRRRRRRRRRRRRRR! ROE go to at 0.16¢ very fast

it's based on the closing price last Friday.

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Discussion

Comment by Ebenizer3on Apr 19, 2021 10:19am

RE:If the offer is around 0,28 how to explain the actual price?

The difference between the US and CAD dollar. This is the Canadian board.

104

Discussion

Comment by nomoneyon Apr 19, 2021 10:18am

RE:RE:RE:TIMBERRRRRRRRRRRRRRRRRRRRRRRR! ROE go to at 0.16¢ very fast

Where does it say the price is locked in at .345? The .35 was based on a 1.45% premium to Reco's closing price on Friday. The release says .046 of a Reco share. That's now ...more

123

Discussion

Comment by wmstockon Apr 19, 2021 10:17am

RE:RE:RE:RE:RE:RE:You will get RECO shares and still be part of the journey

Correct, it's straight from the info they released today.

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Discussion

Comment by DreaminJimon Apr 19, 2021 10:15am

RE:RE:RE:RE:RE:You will get RECO shares and still be part of the journey

If I understand correctly, buying shares in ROE at the .35 level or thereabouts gives you an automatic 30% gain roughly, with RECO nearing the $10 mark. That means ROE shares technically are worth ...more

125

Discussion

Post by sylvain_007on Apr 19, 2021 10:14am

If the offer is around 0,28 how to explain the actual price?

Someone can tell me the share price is 0,37 cents.

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Discussion

Comment by wmstockon Apr 19, 2021 10:10am

RE:RE:RE:RE:You will get RECO shares and still be part of the journey

I am hoping a swap rate a bit better tbh. Not selling my roe shares, not sure why anyone would sell now, it makes no sense.

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Discussion

Comment by Ebenizer3on Apr 19, 2021 10:10am

RE:RE:TIMBERRRRRRRRRRRRRRRRRRRRRRRR! ROE go to at 0.16¢ very fast

before the botswana option roe was around 0.03 or .04, steinke and telfer literally threw shareholders a life raft by way of option. Without it roe basically worthless, no chance of ever producing ...more

115

Discussion

Post by nomoneyon Apr 19, 2021 10:01am

Being played..

Just like Reco was being played on Thursday, this is being held down today. Reco at $9.88 equates to .454/Roe share. No way this many people are this bad at math!!

137

Comment by FastIrocon Apr 19, 2021 10:01am

RE:RE:TIMBERRRRRRRRRRRRRRRRRRRRRRRR! ROE go to at 0.16¢ very fast

Does it continue to trade on value right now ? or %

110

Discussion

Comment by petesfreak15on Apr 19, 2021 10:00am

RE:RE:RE:You will get RECO shares and still be part of the journey

Ya, not sure why anyone would sell. You lose almost .11cents a share right now. The total # of shares is what Reco is buying, not the value of those shares. Hopefully management ...more

Discussion

Comment by wmstockon Apr 19, 2021 9:59am

RE:RE:TIMBERRRRRRRRRRRRRRRRRRRRRRRR! ROE go to at 0.16¢ very fast

BINGO! It doesn't matter if roe goes down, we are tied to RECO so "at Pursuant to the LOI, ReconAfrica will issue to each holder of a Renaissance Share 0.046 of a common share of ...more

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