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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 360on Aug 08, 2018 12:33pm
167 Views
Post# 28427827

Renaissance is finished...

Renaissance is finished...Even without the frack ban they are out of money and will need another roll back just to continue.  Management has been absolutely played by the Mexicans and in turn have played their shareholders.  The few "wells" they have reported are pitiful then their is their royalty structure.  Cut your losses and look for other opportunities to make money as ROE is just a hobby play for those who like the idea of being a big shot player in the Mexican oil industry (oxymoron); this is going to zero.

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