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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 Luckboxxon Dec 23, 2020 11:35pm
379 Views
Post# 32175706

RE:On a side note:

RE:On a side note:Yeah..ROE has been a tough hold for us over the years.  I think the ROE management is stellar and have done very well, but they got dealt an unexpected bad hand by the Mexican voter. The ROE principals own sizable chunks of both companies.  I think right now RECO is their choice due to the warrants, but I think there is value in Mexico but more patience is needed.  PEMEX continues to deteriorate and I still think at some point AMLO may get desperate and become more pragmatic.  Mexico just signed the USMCA and AMLO may get more pressure to abide by the rules if Trump is not there to bail him out.  I am sticking this out.
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