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

Reconnaissance Energy (Africa) Ltd > Morningstar analysts...a joke!!!

<< Previous

Bullboard Posts

Next >>

Post by Wynjoeon Nov 14, 2022 10:32am

254 Views

Post# 35096485

Morningstar analysts...a joke!!!

I have been keeping an eye on several ratings from "Morningstar ",(rbc analysts on rbc brokerage site).They recently went from a 3 star rating to a 4 star rating...how ludicrous!!! RBC must be selling reco while trying to entice others to buy,they are a shameful laughingstock!!! When reco issued the last placement at $6.35 Morningstar actually had a value of above $11.00..INSANITY. Remember folks these same analysts had a buy rating on sears,(bankrupt stock),all the way from $11.00 until they put a sell rating on sears when it went below a buck,laughable if it wasn't so cruel to some who believed their idiotic valuations, LOl.RECO IS A MAJOR SELL SELL SELL!!!

<< Previous

Bullboard Posts

Next >>

3 Mid-Sized Stocks to Consider This Season