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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.


GREY:RNSFF - Post by User

Renaissance Oil Corp.
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(3)
•••
Comment by fruiscante1on Apr 10, 2017 11:22am
82 Views
Post# 26100489

RE:RE:RE:RE:RE:news !!!

RE:RE:RE:RE:RE:news !!!Stocks often retrace to the private placement prices - at least temporarily. There are even rules in place on the TSX Venture about how much lower the price of a private placement can be. At some point this is just likely a bit of a self fullfilling prophecy, as is peopel think it will dip even temporarily, they start selling, then down it goes. s not as good. 

The announcement shows that the company is serious about this aquistion, which is good. There is now going to be significant diluation, which will reduce the overall upside of the deal, which is not as good. 

On news, the stock went from .08 to .26, and increase of  18 cents. A retracement of around 50% is not unusual, and we know that they were abole to convince a brokerage that the deal is worth more than .16 (they always want a deal).  I believe we will see the price start to trickle up as the week goes on as more speculators move in.    All IMHO, and I bought more today on the pullback. 
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