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re: Could this be the next big play? (RECAF)
Posted on 7/9/21 at 5:57 pm to GREENHEAD22
Posted on 7/9/21 at 5:57 pm to GREENHEAD22
It took off a little the last hour or 2 of trading. Not sure the reason but I really think August and September will probably be pretty fun months if you hold on.
I'm in at $5.51 average with 500 shares. I really want to try to get up to 1k by the end of July.
I'm in at $5.51 average with 500 shares. I really want to try to get up to 1k by the end of July.
1
Posted on 7/9/21 at 10:47 pm to Ballstein32
Per share or your return?
Posted on 7/10/21 at 12:30 am to beef42
Per share
Posted on 7/10/21 at 11:23 am to Ballstein32
Just read it right. You want 1k shares
Posted on 7/10/21 at 12:10 pm to beef42
Yeah, I probably could have worded it a little better.
This post was edited on 7/10/21 at 12:11 pm
Posted on 7/19/21 at 9:42 am to Ballstein32
How’s everyone feeling still about RECAF?
I bought in at 10/share. Seeing 7 bothers me a bit but I’m not heavily invested to need to worry if it tanks.
I bought in at 10/share. Seeing 7 bothers me a bit but I’m not heavily invested to need to worry if it tanks.
Posted on 7/19/21 at 11:23 am to StringedInstruments
I sold the majority at 8.20.
Posted on 7/20/21 at 1:56 am to StringedInstruments
It's been on a steady decline since we hit the high a few weeks ago. It's definitely a crap shot.
I'm waiting until they release all the results from the test wells (they've drilled 2 of 3 as of now) and they're about to start 2D seismic readings and a whole mess of other shite they've started or about to start.
I've said it before but I think in August or maybe September it's gonna hit big (with verified huge oil reserves and commercially viable) or they're gonna find nothing and the stock tanks. My guess is this is a lottery ticket but I've been wrong before (RIDE) sooooooo.....your call.
But if it's no money that's not really needed right now why not just hold the stock for awhile and see what happens
I'm waiting until they release all the results from the test wells (they've drilled 2 of 3 as of now) and they're about to start 2D seismic readings and a whole mess of other shite they've started or about to start.
I've said it before but I think in August or maybe September it's gonna hit big (with verified huge oil reserves and commercially viable) or they're gonna find nothing and the stock tanks. My guess is this is a lottery ticket but I've been wrong before (RIDE) sooooooo.....your call.
But if it's no money that's not really needed right now why not just hold the stock for awhile and see what happens
Posted on 7/20/21 at 9:39 am to Ballstein32
quote:
But if it's no money that's not really needed right now why not just hold the stock for awhile and see what happens
That’s the plan.
Was also the plan with GME and well...
Posted on 7/21/21 at 2:39 pm to StringedInstruments
This article last night could be the catalyst for today's big jump. Haven't seen any PR releases today.
OilPrice
OilPrice
Posted on 7/21/21 at 4:04 pm to ColoradoAg03
I found this interesting....
"Investors who have no background in geology might now be able to interpret this clearly, but for us, the most important breadcrumb is this: ReconAfrica would never fund the complex operation of running a VSP to tie these two wells together along the same seismic line if there wasn’t a potential for something big there—in both wells."
I'm definitely one with no background in oil and gas as well as drilling and seismic stuff, would yall in the industry agree with that statement?
"Investors who have no background in geology might now be able to interpret this clearly, but for us, the most important breadcrumb is this: ReconAfrica would never fund the complex operation of running a VSP to tie these two wells together along the same seismic line if there wasn’t a potential for something big there—in both wells."
I'm definitely one with no background in oil and gas as well as drilling and seismic stuff, would yall in the industry agree with that statement?
Posted on 8/5/21 at 10:17 am to Ballstein32
Down 17% today, news?
I'm not in but been watching
I'm not in but been watching
Posted on 8/5/21 at 12:57 pm to Hogwallop
I bought the dip at 7.25 when I saw your post. Up to ~8 now. I’d been holding so averaged down. I don’t have a long position, just looking to get to 10 before selling.
Posted on 8/5/21 at 2:18 pm to Who_Dat_Tiger
This article is the most recent news I could find on it and it looks positive: ReconAfrica & NAMCOR Provide Additional Drilling Results and Plans for Next Exploration Phase in the Kavango Basin
Could be a lot of short action unless investors were expecting more out of that press release.
Could be a lot of short action unless investors were expecting more out of that press release.
Posted on 8/9/21 at 9:24 am to Santiago_Dunbar
Down to 6 now. I've been wanting to get in but guess I'll keep waiting for lower entry.
Posted on 8/9/21 at 9:46 am to Hogwallop
Conflicted on this because all along I have thought this was over bought.
Posted on 8/9/21 at 9:50 am to GREENHEAD22
Yea I bought in last week with a tight SL. Thought we see a bounce
Got hammered this morning.
Got hammered this morning.
Posted on 8/9/21 at 10:10 am to jimjackandjose
Good buying opportunity today. Or will tomorrow be better?
Posted on 8/9/21 at 10:43 am to Santiago_Dunbar
LINK
If I'm reading that site correctly it shows recaf has 50% short interest. That's pretty dang high.
If I'm reading that site correctly it shows recaf has 50% short interest. That's pretty dang high.
Posted on 8/9/21 at 3:21 pm to Ballstein32
Yea I know they have been sounding the alarm of being under attack by shorts.
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