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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 > Russia losing the Ukraine War-oil to collapse?
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Post by pacer001 on Sep 10, 2022 7:23pm

Russia losing the Ukraine War-oil to collapse?

The latest reports, if true, paint a picture of the "mighty" Russian military melting like snow in the spring time. And Russian hardliners and others are starting to blame Putin more and more. 

Can he hold on? It seems doubtful in that he now has the military; oligarchs, the world increasingly against him. History is full of military regimes being ousted for losing wars. If Russia is pushed out of Ukraine he most likely be ousted and we will have the "Putin Put" activated where oil collapses as the new Russian regime will pump and sell like crazy to pay for the war and reparations. That is one reason Recaf needs to find oil sooner than later!

Comment by pacer001 on Sep 11, 2022 3:30pm
Things are going very badly for the Russians with them losing more ground every day. But I have been thinking, even if Putin falls, there is no guarantee he will be replaced by someone friendly to the West. Indeed that supporter of his that was killed by a car bomb was a hawk that thought he was not aggressive enough. The big thing with Recaf is that is in an area of Africa that has to import ...more  
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