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

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TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Future Market cap of RECO: $ 37 billion to $ 342 billion

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Post by Hiddensecrets on Jun 16, 2021 11:30am

Future Market cap of RECO: $ 37 billion to $ 342 billion

I will let shareholders determine the market cap valuation of RECO going into the future.

The majors trade anywhere from a $ 37 billion market cap to a $ 342 billion market cap.

That means for us anywhere from: $ 260/share to $ 2,440 per share.

I leave the fun part to you. One thing is clear. At a $ 1.4 billion market cap, we are UNDERVALUED.

https://en.wikipedia.org/wiki/List_of_largest_energy_companies

Go to the middle of this page in the link and you will get an idea of valuations.

mpo

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