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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

View:
Post by minigoon on Apr 23, 2021 1:09pm

Well !

I off loaded 700,000 shares, from .15 to .38 and i leave myself with 400,000 shares. I'm thinking the big dogs, a way way bigger than me, and there is 4 or 5, ( remember,the ultra rich want their money back to !), they were given a chance to get out plus a little profit, as they brought the money in and unfortunetly the new Mex president had other plans. 
 The merger will go through but remember the ratio is the ratio. The same board of people are at the same table of each company. At RECO's high of 10.00 plus looks great for ROE, but obviously one can see Reco is back where it is, if things change, thus i will keep the 400,000  shares till 2nd and 3rd well results come out over the next 6 months. Results meaning proving out the system basin theroy and not production testing.
Comment by Ebenizer3 on Apr 23, 2021 1:38pm
you did good sometimes you have to take the exit doing 90mph and take out a 100 yards of fence in the process. And u still have a nice little position. Not what we envisioned for roe but still in the game. Good luck
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