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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 > Coming soon! The Putin Put!
View:
Post by pacer001 on Dec 18, 2022 4:33pm

Coming soon! The Putin Put!

As I posted awhile back some investors have been buying options and futures to profit greatly if "Mad Vlad" is deposed and Russia is allowed to flood the energy markets with cheap oil and nat gas. 

From today's headlines there is growing unrest in his most loyal circles and the thinking he is on the skids big time. Also he has cancelled his 3 hour open press conference for year end and his glittering New Year's Eve Kremlin gala for his elite cronies to pay homage to him. This ball has rivaled anything the Czars had and he lived basking in the boot licking and worshipping. Things must be really bad for him to give this up!

As Putin goes so does the price of oil. Exploration and development money will evaporate as the Russians are allowed to flood the markets to get money for Ukraine reperations.

Comment by Frank007 on Dec 18, 2022 8:31pm
Flood the market.....lol    That idiot. Is full of hot air....you obviously do not know about the natural decline rate of an oil feild ....conventional fields decline at between 5-7%  per year ...Russia produces about 10 million / day ...no money is being invested to maintain that # so you can be dam sure it is down to   Maybe 9/ day now and dropping ...my advice this to buy ...more  
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