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Bullboard - Stock Discussion Forum 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 Discussion

Renaissance Oil Corp. > Bashers want your shares
View:
Post by allnrg on Nov 23, 2017 12:02am

Bashers want your shares

Hold on tight for the very weak attempt of a bash from some recent posts indicate some people think they can talk you out of your shares. I have to laugh at some of the posts as of late...like sure looks like a lot of equipment hope costs aren't escalating, no in fact the company has been very transparent in the spend & @ under $6 to $8k per flowing bbl of production is very attractive. ROE is raising production in a rising oil price environment, remember they have proven they turn a profit at $50/bbl The company stated they are rig ready witch means they have likely negotiated a day rate on a rig with a rough start date to ensure crews & documentation is ready to go with in reasonable notice , they are in know way paying standby in these market conditions...lol. other comments with regards to the company social investment are also comical like kiss the ring or corruption... wow, no this in Canada is called community relations & is money well spent, some of the majors I have worked for have a whole separate division allocated to keeping the locals happy to prevent opposition to development, its called a social license to operate & without it guess what... you don't operate. Anything from road upgrades before & after rig activity to community developments to list a few & at a cost to ROE of what $250K this is money well spent & it wont be the last of we see. 4.85 million worth of insider buys in the last month... that's a fair amount of confidence in the company you work for Anyways long & strong ROI and oh yeah don't forget to hit it with the one star to solidify my point...LOL
Comment by sixsense6 on Nov 23, 2017 6:16am
This post has been removed in accordance with Community Policy
Comment by Budakai on Nov 24, 2017 3:02pm
It's just your trading history seixsense6...you just don't have credibility. Why, if you own shares, would you bash your own stock? We all have concerns, but those who own usually don't go negative on a stock. It takes discipline to know of a good deal, and we all know people try and get on the cheap. There's been a history of shorting on ROE, which hasn't helped, and the ...more  
Comment by sixsense6 on Nov 24, 2017 5:15pm
This post has been removed in accordance with Community Policy
Comment by minigoon on Nov 25, 2017 10:50am
Actually, if one looks at how there doing everything from writing work methods to social responsibility, to process, one will find that this will be the blue print the Mexican government will use for any (setting up shop companies) there.
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