Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | RCNWF | V.RECO.WT

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

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TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Reco in demand

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Post by headtotoeinthe6 on Mar 18, 2021 3:12pm

Reco in demand

It’s encouraging to have seen a buy order for 40k shares at $3.73 price point just awhile ago.

looking forward to seeing prices >$4.00 on the regular for Reco.v shares.

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Comment by Bpultra on Mar 18, 2021 3:50pm

========== wow anything oil rght now is sell sell sell sellllll

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Comment by headtotoeinthe6 on Mar 18, 2021 4:18pm

Reportedly the rising US dollar is contributing to Oil itself being down almost 8% for the day. In turn, oil producers’ share prices are down.

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Comment by Chas15 on Mar 18, 2021 5:44pm

Unfortunately RECO doesn't seem to rise when they rise. Huge sell off to end the day, more tomorrow probably.

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Comment by headtotoeinthe6 on Mar 18, 2021 6:04pm

I chalk up the disconnect with other oil companies to RECO still being a speculation play and figure the stock price movements will fall in-line with other oil companies 1) if an oil discovery is announced and 2) after the stock price adjusts to reflect the new value of the company, considerate of the amount & quality of oil that’s discovered ... something along the lines of what Craig ...more

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Reconnaissance Energy (Africa) Ltd