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 > Corey, the Uneducated Idiot

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Post by Oregonduck on May 13, 2022 12:01pm

Corey, the Uneducated Idiot

Reco has been touted as the next frontier Emerging African oil producer with a high Beta rating. It is anything but a highly promoted Howe Street stock. This penny stock doesn't move with oil prices or the market. Corey, the dumbshit, is one angry bird.

"Oil prices are on the rise, and while energy stocks across the board should benefit, those from emerging market economies are likely to outperform their developed market counterparts. Emerging market stocks tend to be more volatile, or “higher beta,” which means their price movements are greater than those of less volatile stocks. So when crude prices are falling, developed market energy stocks outperform, and when crude is rising, it’s the emerging market energy stocks that “tend to fare best,” according to Barron’s"

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