Reconnaissance Energy (Africa) Ltd V.RECO

So

[Moneycat]

I was reading on reddit and saw a poster talk about PXD....so I went and took a quick look. Now I know we still have a ways to go but PXD has 1.3 billion barrels reserve equivalant from looking at the quick summary.....with a Market Cap of 40 billion. Yes....I know we are still in the early stages but this could be like finding willy wonka's golden ticket....amazed that Frank would try and short this possible monster. Long on Reco !!!

[Galaxym31]

Thanks for that  just wow ! 

[Moneycat]

Just going over my own post...there has to be more to PXD than just the 1.3 billion barrels equivalent of oil that they say in the summary....I will try and dig deeper because using those numbers that is in their summary on SH it would  be over 30 dollars USD per barrel of reserve...... would it go for that much.... I don't think so. 

[TurnToTheRight]

Pioneer natural resources has a 2021 expected production of over 550,000 bbl per day. It is the production of an E&P company that really drives the share price, not the reserves. Unfortunately reserves are worth only a very small fraction of a company's market cap, it's the production (and midstream, downstream, or chemical divisions) that drives the value of the company. Yes reserves

[Moneycat]

Yes. It will take time as I basically said. But this just gives a quick snap shot of what Reco could do if things go well...No ?? uote=TurnToTheRight]Pioneer natural resources has a 2021 expected production of over 550,000 bbl per day. It is the production of an E&P company that really drives the share price, not the reserves. Unfortunately reserves are worth only a very small fraction of a

[TurnToTheRight]

Absolutely, I think RECO can reach the levels of a Pioneer or Continental with the right JV partners developing the basins along with RECO. Personally, I think Pioneer would be a good analogous company to compare RECO to in a few years, specifically once production gets ramped up.

[Timberdoodle]

Looking at historical  SP......viewed Pioneer at around 12$ (few years ago....) and look just now PXD = 162.09$ US ..........quite amazing to say the least !

[TurnToTheRight]

It was $12 in 1999, and briefly dipped to $14 in 2009. That's quite a few years ago.

[teheran10]

You just wait here Pioneer. We are going to be very very happy with RECO.