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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 Boots333on Jun 28, 2018 9:41pm
122 Views
Post# 28248679

I have no concerns - it is just an opportunity to by at lowe

I have no concerns - it is just an opportunity to by at lowe

No need to panic or sell. The reality after the election will still be that Pemex will still be broke. Pemex has very limited money for exploration, and they want to focus the little money they have on prime targets. Pemex has been paying a 70% royalty on all oil revenue to the government for years, the New Government will still need the Revenue. The Mexican government is in dire need of funding to run its day to day operations and to build all the new projects like oil refineries that Obrado has promised. The new government will need oil and oil revenue and it desperately needs the outside investment dollars to find more oil and to get the increased revenue.

 
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