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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. > Interesting news out about Octobers bidding round
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Post by minigoon on Jun 14, 2019 1:09am

Interesting news out about Octobers bidding round

looks like Mexico Prez just canceled the 7 on shore areas
Comment by Makenemds on Jun 14, 2019 10:30am
yet we are up today... Seems like bad new or does this not apply to ROE?  
Comment by Budakai on Jun 14, 2019 12:10pm
doesn't really apply when a private investor paid . 20 to get onboard. Plus we are out of our sp being based on potential blocks. It's all about migration now, and I've heard nothing but great things. This stocks float is going to stabilize, and woe to any shorter who thinks he might get away with something here. News is imminent.
Comment by ogod00 on Jun 16, 2019 6:34am
Let s get into specifics about the great things , it has been 2 years of no migration; fairly paltry production, a sale and some remediation debates , the migration process a bit of a black box ; once applications are filed the gov body has 90 days to respond , if the fail to respond approval is automatic, which means nothing happens to the 89 th day .... it has been two years, what exactly is ...more  
Comment by Budakai on Jun 16, 2019 10:51pm
I hear your complaints, but the facts are as follows: 1. The company is profitable. There is income coming in, and although it's not comparable to a dividend, this stock is not like other "exploration" plays. There is revenue and so we are not having money sitting in a dead deal. 2. The process has still been much smoother than South American or Nigerian plays. Although slow, there ...more