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

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

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

TSXV:RECO - Post Discussion

View:
Post by curious14 on Apr 21, 2021 10:22am

Short Positions

c14

hardly any shorts.

Short Positions for RECO
Symbol Report Date Volume Change Shares Issued % Float
V : RECO 2021-04-15 102,186 32,389 154,168,928 0.07
V : RECO 2021-03-31 69,797 -2,380,454 68,579,500 0.10
V : RECO 2021-03-15 2,450,251 443,929 146,863,032 1.67
V : RECO 2021-02-28 2,006,322 211,987 130,917,056 1.53
V : RECO 2021-02-15 1,794,335 -537,488 130,917,056 1.37
V : RECO 2021-01-31 2,331,823 -349,251 109,698,157 2.13
Comment by doggiestyle on Apr 21, 2021 12:03pm
Not a great stock to make money going short. Its NOT worth the risk at this point - given the explosive upside potential and reasonably limited downside (at least until well 2 results are in).  Best strategy is to buy dips to accumulate your long position in RECO while we wait on results or play the arbitrage in ROE shares.  The ARB play is low risk with a fairly obvious 12% to 15% gain ...more  
Comment by doggiestyle on Apr 21, 2021 12:09pm
BTW - I like to short stocks but I am scared to short this one (especially to leave over night) as they no a track record of just relasing news unexpectedly
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