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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. > Frack ban
View:
Post by countrysquire on Aug 07, 2018 9:00pm

Frack ban

Correct me if I am wrong, but I can't find any larger news sources (Bloomberg, etc.) that have picked up this story. The original sourcing always seems to be environmental activist groups. The few other sites that carry it seem to be mere amaglamators of news regardless of source. So, I am a little suspicious of the accuracy of the original article--although this is a big issue and really could be the biggest roadblock (other than the endless delays) yet to ROE's plans. 

Perhaps reality (PEMEX has over $100 billion in debt) with intrude on the idealism at some point. Mexico needs to get oil out of the ground, and fast.
Comment by biscuits11 on Aug 07, 2018 11:08pm
Reputable website. Might take my large losses and run.  https://www.naturalgasintel.com/articles/115298-president-elect-l%C3%B3pez-obrador-to-shut-down-fracking-in-mexico
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