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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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 > Why the run today??
View:
Post by Bpultra on Sep 14, 2022 8:20pm

Why the run today??

So guys why the run?   A bit of a short squeeze ?  Or FOMO?  Or rumors?   Or is it just about time it ran ?   Comments??
Comment by pacer001 on Sep 14, 2022 9:10pm
Recaf is riding the tide of rising energy stocks and futures. It is behaving more like a future than a stock which makes sense if you think about in in that our oil will come on the future. All were up big time today: "My bread and butter natural gas futures BOIL are up some 16% followed by Recaf around 14%. "
Comment by pacer001 on Sep 14, 2022 9:21pm
The oil market is extremely tight and supplies not being replenished anywhere near normal or where they should be for a whole number of reasons including Nigeria production declines, etc. Take your pick. The markets are pricing all this negativity in and betting Recaf could save the day in the very bleak future.  The latest display figures from Cushing depot (note well, inventory levels are ...more  
Reconnaissance Energy (Africa) Ltd
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