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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).


TSXV:RECO - Post by User

Comment by pacer001on May 15, 2022 2:56pm
129 Views
Post# 34685028

RE:Shorts killing this Stock

RE:Shorts killing this Stock

Mr. Duck, once again your quacking is all screwed up and very wrong. 

A "naked" short sell is where you are selling something you don't. It is wrong in my opinion, because if you tried to sell a car or house you didn't own you would probably land up in jail.

But a "short sale" against something you do OWN is a common tactic as insurance against a holding suddenly dropping. Valid tactic and used commonly even among yours truly who does not short individual stocks but indexes and futures. See below definition.

Again I think you are better served going to a pond with the crypto kids. They are so screwed up (one of my friends kids just lost $45,000 even though I told him to bail weeks ago). Who knows with your negative quacking you might be able to scare some of them there unlike here.

Definition:

"A short sell against the box is the act of short selling securities that you already own, but without closing out the existing long position. This results in a neutral position where all gains in a stock are equal to the losses and net to zero. "

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