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Started By
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re: Could this be the next big play? (RECAF)
Posted on 4/19/21 at 9:03 am to Ballstein32
Posted on 4/19/21 at 9:03 am to Ballstein32
quote:
Curious on why he thinks the 3rd well would be the ticket?
Id think that if they struck oil on the first one itd be reason enough for this to explode. Maybe the 3rd well is on the opposite side of the area and if it hits, then ya got the whole basin full of oil?
in 80,000 ft view, yes.
1
Posted on 4/19/21 at 9:05 am to b-rab2
It is overbought imo, there is going to be a profit taking pullback at some point I would think. Hope. 
This post was edited on 4/19/21 at 9:09 am
Posted on 4/19/21 at 9:07 am to GREENHEAD22
Sold out my initial investment. Letting my remaining 715 shares ride
Posted on 4/19/21 at 11:58 am to Tigersaint09
I hip this thing keeps going, I want to load up in my Roth. I could easily see it getting back down in the 5s.
Posted on 4/19/21 at 12:12 pm to GREENHEAD22
I see it going down to that range within the next month or two before the news of the second well
This post was edited on 4/19/21 at 12:23 pm
Posted on 4/19/21 at 12:39 pm to Tigersaint09
quote:
I see it going down to that range within the next month or two before the news of the second well
yeah, I hope so too.... but to be honest the news about them buying RNSFF is very bullish! They must be pretty dang confident at this point to make that move.
Posted on 4/19/21 at 4:00 pm to GREENHEAD22
What do you see this going to?
Posted on 4/20/21 at 8:21 am to beef42
On the low end lull between the info on the new well? I am hoping $5 flat but that is probably being too hopeful, I wouldn't be shocked if it dipped back into the 5s though.
On the high end it is really tough to tell, they have an uphill battle in the long run due to there is no existing infrastructure in the area. Not only that, but this is a shale play, which usually take a lot longer to delineate and figure out completion optimization. That being said, if they can prove comparability to the permian it definitely has legs. I could see them being bought out or partnering with CNOOC or another Chinese company.
Regardless this company has great leadership and initial encouraging news so there is definitely money to be made even if it is on the swing.
I am looking to load up when it hopefully drops, no guarantees on that though because of how crazy the market is and all the FOMO built up.
Good Luck.
On the high end it is really tough to tell, they have an uphill battle in the long run due to there is no existing infrastructure in the area. Not only that, but this is a shale play, which usually take a lot longer to delineate and figure out completion optimization. That being said, if they can prove comparability to the permian it definitely has legs. I could see them being bought out or partnering with CNOOC or another Chinese company.
Regardless this company has great leadership and initial encouraging news so there is definitely money to be made even if it is on the swing.
I am looking to load up when it hopefully drops, no guarantees on that though because of how crazy the market is and all the FOMO built up.
Good Luck.
This post was edited on 4/20/21 at 10:33 am
Posted on 4/21/21 at 2:23 pm to GREENHEAD22
Some decent support being shown around 6 but we have a long way to go, that is going to break.
Posted on 4/22/21 at 9:34 am to GREENHEAD22
Taking a nice dip below $6 this morning.
Posted on 4/22/21 at 2:59 pm to ColoradoAg03
We'll see 4s tomorrow.
Posted on 4/22/21 at 3:30 pm to ColoradoAg03
I suspect the same, licking my chops.
Posted on 4/23/21 at 7:24 am to GREENHEAD22
I’m hoping it hits the low 3’s again sometime before the next well announcement so I can load up more
Posted on 4/23/21 at 9:17 am to Tigersaint09
Yea we have plenty of time, I am just watching and waiting. There is a slight concern that they could release more detailed information on the first well, assuming it was a good one. I could see them possibly doing this if the price slips too much but I don't think it likely. The acquisition is the only reason I bring it up.
This post was edited on 4/23/21 at 9:20 am
Posted on 4/23/21 at 9:25 am to GREENHEAD22
Have they released downhole numbers yet like pressure, IPR, etc?
Posted on 4/23/21 at 9:40 am to ColoradoAg03
Not that I have seen, everything is popping off of the state " a working oil bearing system is in place" or something of that nature.
Then the acquisition right behind it show strong belief from the company.
Then the acquisition right behind it show strong belief from the company.
Posted on 4/23/21 at 10:38 am to GREENHEAD22
Hopefully daily volume drops back into the 6-figures and it goes down to low 4s or even 3s, before they announce any news to boost it.
This post was edited on 4/23/21 at 10:43 am
Posted on 4/23/21 at 11:38 am to ColoradoAg03
Did something get released? I come back from a meeting and this thing is taking off.
Posted on 4/23/21 at 11:48 am to GREENHEAD22
Haven't seen anything
Posted on 4/27/21 at 10:15 am to ColoradoAg03
I hate when things don't make since, this is getting pushed by nothing that I can see.
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