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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

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Post by judomacca on May 25, 2021 12:24pm

Too Bad

In my opinion there are TWO too bads in this mess caused by our dear friends south of the border. The first too bad is that RECO didnt have the resources to drill all 3 wells at once. The second too bad is they made the mistake of listing the stock south of the border where tlies and disinformation prevails and they they litigate at the slightest peovocation till the cows come home. I remember years ago when BC's Powerex was selling power to California and they had a power crisis and the price shot up 10X or more. After that California litigated everyone including Powerex. After several years of litigation In the end Powerex came back came back and said of course we are right but they will never stop litigating and all our money will be eaten up in lawyers fees, so lets throw in the towel and end this nonsense. They should have never sold Califirnia another K-watt.
Comment by Plus50 on May 25, 2021 1:30pm
I agree that listing in the US was a mistake but it gives us that exposure. Unfortunatly it exposes RECO to all the lizards and snakes sharks and the list goes on.
Comment by Crunch5555 on May 25, 2021 2:58pm
Almost every dual listed company i have invested in has had issues with shorting and naked shorting from the US side.The last few years it has increased substantially
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