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Renaissance Oil Corp. RNSFF

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

Post by allnrgon Nov 23, 2017 12:02am
158 Views
Post# 27016766

Bashers want your shares

Bashers want your sharesHold on tight for the very weak attempt of a bash from some recent posts indicate some people think they can talk you out of your shares. I have to laugh at some of the posts as of late...like sure looks like a lot of equipment hope costs aren't escalating, no in fact the company has been very transparent in the spend & @ under $6 to $8k per flowing bbl of production is very attractive. ROE is raising production in a rising oil price environment, remember they have proven they turn a profit at $50/bbl The company stated they are rig ready witch means they have likely negotiated a day rate on a rig with a rough start date to ensure crews & documentation is ready to go with in reasonable notice , they are in know way paying standby in these market conditions...lol. other comments with regards to the company social investment are also comical like kiss the ring or corruption... wow, no this in Canada is called community relations & is money well spent, some of the majors I have worked for have a whole separate division allocated to keeping the locals happy to prevent opposition to development, its called a social license to operate & without it guess what... you don't operate. Anything from road upgrades before & after rig activity to community developments to list a few & at a cost to ROE of what $250K this is money well spent & it wont be the last of we see. 4.85 million worth of insider buys in the last month... that's a fair amount of confidence in the company you work for Anyways long & strong ROI and oh yeah don't forget to hit it with the one star to solidify my point...LOL
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