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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

Reconnaissance Energy (Africa) Ltd > Russian sabotage or just the usual market manipulators?
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Post by pacer001 on Jun 27, 2022 8:57pm

Russian sabotage or just the usual market manipulators?

That is the question I have been asking.

At this time of year, with high summer demand, there are always pipeline, maintenance, plant issues conveniently taking energy production conveniently off line in peak demand time.

Recently we have an explosion at a major Texas LNG exporting facility where nat gas dropped 33% instantly. Now we have the EIA oil numbers delayed because of "power issues". See below quote.

BS! I used to be in the tech business and government computing centers (and "cloud" computing) have multiple redundant and backup systems that can take major failures where a failure  is easily absorbed. So either:

1.) the government facilities are really poor- possible but remote.

2.) as widely speculated, the Russians are attacking our tech infrastructure. Again possible but unlikely. They recently launched a rocket against Ukraine and the darn thing turned around and blew the their own launch crew and facility up. They are not that technologically advanced as some would have you believe. 

3.)the usual crew of market "makers" (really manipulators) are doing their thing. I vote for this one! They are making a fortune and don't want us to know just how much oil there really is - not little!

"The data was not published last week after the EIA discovered “a voltage irregularity, which caused hardware failures on two of our main processing servers.”

Comment by pacer001 on Jun 27, 2022 11:57pm
On some sites you can almost detect the laughter. The EIA is the "ENERGY" Department and they can't even get clean electricity for their computers??? Why don't they go to Walmart and buy some power / surge protectors? This is almost as bad as the police chief in Uvalde who did not have a master key or even keys to his classrooms and could not even find the fire axes in clear ...more  
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