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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Reconnaissance Energy (Africa) Ltd > One last thought...thank you..

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Post by Wynjoe on Feb 02, 2022 11:56am

One last thought...thank you..

Rats leave a sinking ship.Insider selling has been enormous. Insider buying recently is zero.Marketcap for this company is well over a BILLION dollars,(they dont make any money),lol.The only chance,I.m.o. is you get back half your investment if Chevron or some other buys this out when were at the $4.00 range.No confidence in buying ,especially during these stages equals zero credibility .Better to be a rat then go down with the ship.I hope you get my drift. MAJOR SELL.!!!!

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