Reconnaissance Energy (Africa) Ltd V.RECO

Trump has won. Oil will be $65 thus year

[HighHoSilver]

Regardless of politics. Oil will move to $125 within four years and peak as Gold. Bitcoin whales will leave cryptos soo as its peaking leaving the masses holding the back for awhile. Were starting a golden age and a commodities boom like never before seen. Despite all the covid fears which was supposed to blind us has actually allowed us to see the truth. These crimes will go unpunished. We are going to see this project through to $5 to $26 to $400 and $1000 to $2500. They will not be bought out but partnership on wells or sell leases to a $25000 price range. They may sell half of all of it between $1000 and the $2500 per share. However by $400 a fat dividend will be like a pig to its slop.

[Burhaan]

Lmao, valuation at $200-500 once comfortably in production assuming a find per Jarvie's estimates and mild dilution. What I do like atm is how heavily undervalued O&G is. Tesla (like crypto and most tech stock) is in the mother of all bubbles atm and the inevitable pop will really damage EV sentiment in the near-medium term and trigger a reversion to old norms. I'm long on mining in

[Elephants]

Yup, what the EV hypers always seem to ignore is all EV needs, copper, lithium, cobalt, steel, plastics, which all require, you guessed it, oil.

[fredo1]

Hi ho, I see why you have your nickname. totally unrealistic but I admire your enthusiasm. My price target for Brent is $60 assuming a decent economy. Next year, a big pop to $75 is possible. IMHO.