RE:RE:RE:RE:Cutting my positionFair enough. I'm just putting my thoughts out there. I thought that's what the forum is for.
As to oil prices, I don't think they have much to do with RECAF's share price right now. If they find what they're hoping to, the current share price will be a bargain even if oil drops to $30 per barrell. Until they start producing, I dont' believe share price is tied too much into oil price.
There's obviously entities shorting this stock and putting out bad press releases. On the other hand, there are also some pretty obvious fluff pieces.
In a nutshell, I think they've found several billion barrells of oil. The big questions to me are 1) how much can be produced conventionally? and 2) can the environmentalists/climate change groups keep this from happening.