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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

Comment by anymuseon Aug 09, 2018 11:10am
147 Views
Post# 28433482

RE:RE:RE:Renaissance is finished...

RE:RE:RE:Renaissance is finished...Agree, but the under lying issues that add risk are a bit much for me. political, cartels,crime. The Mexicans can't be relyed upon to honor the deals they make. eg....first big off shore discovery by outsiders brought Pemex out in a hurry claiming they had some rights to the discovery as the pool encroached into thier neighbouring block. All these risks don't exsist in north america, my reasons for getting out of Mexico completely, just too many other opportunities elsewhere to get stuck down there. The implosion of both IFR and ROE share price tells the story in my mind. The number one thing investors loath is uncertianty, and in Mexico that's present everywhere you look, not an investable jurasdiction in my mind. Who the heck wants to get tied up in a WTO mediation.
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