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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 > Oil prices dropping...
View:
Post by Wynjoe on Sep 06, 2022 7:36am

Oil prices dropping...

Combined with class action lawsuits,environmental issues and no oil discovered,and now with oil prices testing yearly lows,reco just may falter. Wait till Greenpeace enters the picture or DiCaprio or some other Hollywood elites jump on the bandwagon to save a Rhino or kiss a baby lion,not good," crazy" but not good.There were to many cheap shares issued in the recent past,(and I'm talking pennies),for anyone to get to excited yet. Any attempt to raise more equity at this point will obliterate s/p,and with all the water wells being drilled and appeasing Namibia this is not as farfetched as some may think.I believe there's plenty of time to buy into this gamble at a cheaper entry level. MAJOR SELL. IMO.
Comment by crude on Sep 06, 2022 7:50am
PULL THOSE STOPS  -thats what they want !!!!
Comment by ZaPhiCa on Sep 06, 2022 8:55am
YOU ARE misinformed and misinforming, Mr.  Major FUD 
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