Post by
teheran10 on Jan 21, 2021 2:46pm
ARE YOU TALKING YOURSELVES OUT OF THIS INVESTMENT???
This is only a small part of my family portfolio but we all agree that we are staying here until all is clear. We strongly believe that THIS IS one of the lase, if not the last, basin of oil in the world.
My opinion is that if we hit oil, and lots of it at that, the SP will go astronomicaly high.
I might be wrong but........
But if I am right.......
$150-$250 here we come
Comment by
werROBINHOOD on Jan 21, 2021 2:50pm
You forgot to finish your sentence. If you're wrong .15-.25 here we come. Just keeping it real.
Comment by
madmax69 on Jan 21, 2021 3:12pm
And even more real...I've been in 100 of these in the last 30 years and only 5% have been winners. The good news is the winners pay for 1000 losers.
Comment by
werROBINHOOD on Jan 21, 2021 3:17pm
Well said it's the only way to play the micro caps so unless you have a a huge basket of similar plays well that's got to be stressful as 5% chance seems kinda low odds in my mind. Have a feeling people here, have all the eggs in one oil can.
Comment by
madmax69 on Jan 21, 2021 3:22pm
Personally, I only risk what I can afford to lose on these plays. Most of my portfolio is boring. I bet on the people involved, not the project. If you follow winners, you often win.
Comment by
horseplay on Jan 21, 2021 5:00pm
Roll the dice. I've lost money on all these nothing but a big speculation stories in the past. Just because the formation is the same as a big play somewhere else means jack most times. Could be wrong, in due time folks
Comment by
BulletProof on Jan 21, 2021 5:37pm
patience is a virtue my friend, I am sooo long on this and all O& G plays including the majors, SU, KEY, OVV. This one is the only junior that has the balls to be a winner.
Comment by
AnMar on Jan 21, 2021 9:52pm
I've been doing this for almost 40 years - I haven't seen a junior oil company ever with RECON's upside potential, so I wouldn't compare this to the other 100 that you have been invested in, but your message is correct; most juniors end going to zero. RECO is definitely worth a wager.
Comment by
C6J6Dub6U on Jan 21, 2021 2:53pm
as rediculous as this sounds. But thats a conservative number if campaigning to jarvie's estimate...my family as well are staying for the long