Renaissance Oil Corp. RNSFF

Price is falling because....

[energyinvestors]

NFKRS17 the price is probably falling because ROE hasn’t said anything about the Chiapas drilling progress, about Amatitlan migration and drill results, or about ROE’s costs and ability to finance the future of either Chiapas or Amatitlan. 

 

Silence and/or lack of progress is bad for share prices so this decline should continue until either good or bad information comes out.

[NFKRS17]

This post has been removed in accordance with Community Policy

[crude]

Because someone has been selling small amounts of stock into the bid. we have only traded a few hundred  k shares in the last 2 weeks and the price is down If it keeps moving in that direction you have to pick it up before the short (watch for it)

[ferret_ca]

haywood did a cross for 300k shares at .13, prior anon seemed to be crossing small lots walking it down to .13.   I can definitely see why some are selling as the migration is taking longer than expected and there is at least some risk it doesn't migrate. I don't see any serious buyers entering at his point until migration is complete. It's trading like there is no migration

[Ebenizer3]

Back on 2/11 CNH allocated money to drill two horizontal wells by pemex on amatitlan and the timeline showed one well to start around Feb or March and the second well to start at the end of the year. Not sure if these are new wells or possibly the one roe started. As of now looks like pemex is going to be the first to drill and complete a unconventional well. My understanding of these contracts

[crude]

Yes news would be nice ! But i do feel this stock is held by strong hands and the ones pulling it down will be the first ones in on news. Of course Mexico will be Mexico !!!! Best o' luck !!