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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 steveo013on Feb 06, 2021 9:36am
268 Views
Post# 32492483

RE:RE:RE:RE:RE:RE:Interesting approvals

RE:RE:RE:RE:RE:RE:Interesting approvals Thanks for reply crude. Although I am Canadian, I was employed by a multi-national company with offices in Mexico. Like most countries; Mexico is very proud, and stubborn. In this case (ROE and others) they could see this as a partnership, or threat. Depends on the leader I guess, but clearly AMLO does not see the value. Therefore, ROE et al are (most likely) perceived as a threat.

What I am saying is that even if the companies are forming a complaint, my (present) belief is that they won't 'fear' this. They will simply band together and play/stretch this out; it's not a democracy down there, and they are all in cahoots ;) Until (or unless) someone with a new perspective comes in.

So, I did a little digging into whether "the people" of Mexico support AMLO with upcoming mid-term elections. AMLO still seems to have the popular 'support' (~60%).

https://www.as-coa.org/articles/approval-tracker-mexicos-president-amlo

Maybe what finally moves the needle here is new leadership, or Mexico actually starts feeling the pain of their energy (and associated cost) deficit. But until then, Mexico will remain at a standstill (but I will stay, and keep hoping :))

ps sorry for the rant
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