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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 kegmanon Jun 26, 2019 9:09pm
132 Views
Post# 29867756

Contrarian thought

Contrarian thoughtWhat if Amlo just has Pemex hire their own frack experts that they are already using and keeps the parcel?  I am sure no one thought there was an issue in Venezuela either until there was one.  Amlo is no more qualified than Trump.  The most powerful country in the world has a clown and his circus in the white house.  Tariffs without approval, violating Nafta and wto agreements?  So a borderline 3rd world nation renationalizes their resources.  Big deal Amlo says.  What are u going to do about it he says.  It will take years to clean up.  This migration is not happening anytime soon.  No one has answered the question......what was happening about the negotiation over lowering the royalties.  I am betting ROE was not the only co. trying.  It was in the release.  Makes me wonder about some motives on the board.  Perhaps this is what set all of this off.  The company will say anything now to placate the market.  This is a mess and we all know it.  Could be the definition of dead money.  Full disclosure....I have lightened my holdings as well.  I like the parcel, hate the politics.  GLTA.
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