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re: Could this be the next big play? (RECAF)

Posted on 5/5/21 at 10:12 am to
Posted by tigerfoot
Alexandria
Member since Sep 2006
60713 posts
Posted on 5/5/21 at 10:12 am to
quote:

Did he post it at 2:30ish? Damn thing legged up for no reason.


it is off and running this morning as well.
Posted by GREENHEAD22
Member since Nov 2009
20548 posts
Posted on 5/5/21 at 10:36 am to
A little under 5% again. This SOB has had one quick dip since the limited news on the first well. Has dont nothing but go up. I was going to buy at 5 even, it went to 5.08 and then headed north ever since.
Posted by Ballstein32
Member since May 2020
416 posts
Posted on 5/5/21 at 10:37 am to
They did provide a corporate update about 12 hours ago saying drilling has commenced on the 2nd well.
Posted by GREENHEAD22
Member since Nov 2009
20548 posts
Posted on 5/5/21 at 10:43 am to
Yea but that was already stated and planned. Just letting everyone know they are on schedule.

I think I have been looking at this in the wrong light. Being in the industry, status reports like these are something I see daily so to me it all run of the mill.

To Joe blow with stimy $ burning a hole in his pocket I guess these look at lot more exciting.

By there own forecasting they are damn near worth what they predicted if they find 1/2B bbls. of proven reserves.

Ole Leo needs to do a better job of beating this thing down.


This post was edited on 5/5/21 at 10:45 am
Posted by Ballstein32
Member since May 2020
416 posts
Posted on 5/5/21 at 11:13 am to
Lol


How long do u think it'll take for the 2nd well to be completed? I've heard anywhere from June to August.

Results for the first well came quicker than I was expecting.

It was nice knowing that while the first well was being drilled they were working on having the 2nd well pad ready to go when the first one was finished. Hopefully they're doing the same for the 3rd well.
Posted by Dock Holiday
Member since Sep 2015
1821 posts
Posted on 5/5/21 at 11:29 am to
dang.... just saw the ticker today... still waiting in the weeds for it to drop again...
Posted by GREENHEAD22
Member since Nov 2009
20548 posts
Posted on 5/5/21 at 11:33 am to
Had anyone had a chance to analyze the volume? I have been meaning to do it but have been swamped with work and being at a town for business.


Ball I need to go back and look at the details but atleast a month. Most likely 2 or more.

However they could put out core finding updates early to keep pumping the price.

They are big on doing updates.

I am interested to see if it follows the pattern and legs up towards the end of trading.
This post was edited on 5/5/21 at 11:47 am
Posted by Tigersaint09
St Petersburg
Member since Dec 2013
1126 posts
Posted on 5/5/21 at 1:20 pm to
New Haywood report with updated price target (CAD)

LINK



Posted by Ballstein32
Member since May 2020
416 posts
Posted on 5/5/21 at 1:32 pm to
Nice find.
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 5/5/21 at 1:38 pm to
Can this thing dip LOL

Won’t have news on the second well for at least 6 weeks. Has to be a good pullback soon I would think. It’s overbought on daily, weekly and monthly
Posted by GREENHEAD22
Member since Nov 2009
20548 posts
Posted on 5/5/21 at 1:54 pm to
Welcome to my life, just a watching it climb.

Has anyone nutted up and bought since the intial jump?
This post was edited on 5/5/21 at 2:23 pm
Posted by PennyPacker
Where things are bigger and better
Member since Jan 2010
1063 posts
Posted on 5/5/21 at 2:26 pm to
quote:

Has anyone nutted up and bought since the intial jump


if I had more money to invest I would...
Posted by GREENHEAD22
Member since Nov 2009
20548 posts
Posted on 5/5/21 at 2:52 pm to
Here we GO BOYS!
Posted by Dock Holiday
Member since Sep 2015
1821 posts
Posted on 5/5/21 at 2:55 pm to
that's one big red candle stick... what happened?
Posted by White Doug
Member since Mar 2015
86 posts
Posted on 5/5/21 at 2:57 pm to
Company requested finra to haunt reading
Posted by GREENHEAD22
Member since Nov 2009
20548 posts
Posted on 5/5/21 at 2:57 pm to
I dont know but I want to punch all the buyers who stopped it in the head.
This post was edited on 5/5/21 at 2:58 pm
Posted by GREENHEAD22
Member since Nov 2009
20548 posts
Posted on 5/5/21 at 3:00 pm to
Where are you seeing that at?
Posted by Dock Holiday
Member since Sep 2015
1821 posts
Posted on 5/5/21 at 3:01 pm to
well, 8:30 tomorrow morning should be interesting...
Posted by Ballstein32
Member since May 2020
416 posts
Posted on 5/5/21 at 3:06 pm to
Is that good or bad?
Posted by GREENHEAD22
Member since Nov 2009
20548 posts
Posted on 5/5/21 at 3:10 pm to
I am not sure why they would halt for good news unless it has something to do with the merger and shares of the other company being bought.

I may have done that today.


I just received the Haywood report. I know that is not the news they halted for.
This post was edited on 5/5/21 at 3:19 pm
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