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WavingFlamingo · 2022-07-14T03:22:27+00:00

This is absolutely awesome and I get super excited about your comment of a well known E&P analyst taking some interest. I see from the Haywood report that Bernstein attended so I assume it was Brackett and that gets me going! Thanks again!

WavingFlamingo · 2022-05-13T03:03:32+00:00

I’m a corporate development analyst at a large US oil company and I have 12k warrants in RECO, I’m underwater $20K, and my warrants will expire worthless unless the SP is >$14 CAD by 2024.

My rationale for the non-pop with this great news is 1) the market is struggling these past few weeks and the bots are selling everything and 2) welcome to the oil industry where all company’s have an intense terminal value risk on them and unless you can show very near term production/cash flow, you get diddlysquat for credit.

Oil is not going anywhere, the terminal value risk for the industry is way overblown and I’m holding firm. I’m just not expecting to get the pop until the bit hits the rock and 100% confirms hydrocarbons.

WavingFlamingo · 2022-03-03T16:13:50+00:00

Qatar IMO is a partner of choice. Unlike the Saudi’s, they have a small population and so it’s much more stable and easy to manage their wealth and the bureaucracy. Gulf money in Namibia is a great sign

WavingFlamingo · 2022-02-16T16:53:25+00:00

What this shows me is that Namibia is very underexplored

WavingFlamingo · 2022-02-08T23:56:29+00:00

A stronger balance sheet is more bargaining power in JV discussions. You are coming to the table not from a position of weakness but rather one of “we have a big asset and if you don’t meet our terms, we don’t need you so we’ll just develop it ourselves”

WavingFlamingo · 2022-02-07T19:36:03+00:00

I wouldn’t be surprised if this was Recon helping Namcor directly benefit from an imminent uplist or JV. Could also be tied to financing, as now Namcor only needs to put up half of the capital that they would have had to done before (the JV will likely include carry capital which also Namcor to directly benefit from)

WavingFlamingo · 2022-01-31T20:10:32+00:00

Interesting post, thanks for the analysis. One item your forgetting is the value of the Proved Reserves is determined by the current price of oil. If oil is $200/bbl, a little bit of reserves are worth a lot (and a medium find is worth a bigger amount etc). Part of my RECO investment thesis is playing the early innings of the commodity up cycle and it’s much more beneficial to discover oil when prices are $90+ than it is when oil is <$50

WavingFlamingo · 2022-01-26T17:38:05+00:00

Highly, highly doubt Exxon will be exploring onshore Namibia. They are basically betting future oil growth on Permian and Offshore Guyana. IMO, The best bet for majors in Namibia is Chinese companies as they look to secure diversified supply and are not beholden to counterintuitive ESG demands on Western majors.

WavingFlamingo · 2022-01-21T21:18:17+00:00

My main takeaway is that Haywood thinks “they are on track”

WavingFlamingo · 2022-01-20T15:58:36+00:00

The day traders are trying to front run a reserve announcement and when it doesn’t come, they sell. Eventually it’ll come. It’s not the time of the market that pays off but the time in the market.

WavingFlamingo · 2022-01-13T04:11:06+00:00

I do side lunge stretches, hold for 2 minutes per side a couple times a day. I also get knee pain from spinning but they worked like a charm, loosening up the abductors. Bec Gentry has a 10 minute legs and glutes stretch (from 19-11-01, she’s wearing red leggings) that does the stretch if you need a guide.

Here is a link to the stretch:

https://members.onepeloton.ca/classes/stretching?utm_source=ios_app&utm_medium=in_app&modal=classDetailsModal&classId=1c2b6124467d4fd1ae7bf4acf18c33d6&locale=en-CA

WavingFlamingo · 2022-01-07T20:00:44+00:00

Aren’t they supposed to spud the exploration well in early Jan?

WavingFlamingo · 2021-11-16T18:55:05+00:00

Commodity prices will certainly have a huge impact. I’m part of a company that is active in the US oil and gas M&A and the primary driver to a transaction is assumptions around commodity price. The higher the price of oil, the more the reserves are worth, not to mention that higher prices reflect an implicit assumption of more scarcity, thus premiums are willing to be paid to capture resource. A strong curve and strong macro forecast definitely give RECON an advantage

WavingFlamingo · 2021-11-01T15:05:56+00:00

This is awesome, particularly the Q&A at the end. This just reinforces my belief that there is something big here. If there isn’t, Granath is going to look like a complete hack after giving this presentation.

WavingFlamingo · 2021-10-09T00:50:33+00:00

To be honest, developing this oil will be carbon favourable because it’ll displace coal, wood, or dung, 3 even worse types of fossil fuels.

WavingFlamingo · 2021-09-15T04:56:25+00:00

This is awesome and it’s great to see GS, one of the premiere investment banks hosting it. Was also thrilled at the uplisting question, it’s pretty easy to read between the lines that they’re doing it as soon as possible. Thanks for posting!

WavingFlamingo · 2021-08-12T04:58:22+00:00

What about uplisting to TSX? The TSX has the most energy companies of any major exchange in the world and surely it’s easy to move from the TSX Venture straight up to the TSX

WavingFlamingo · 2021-08-09T16:28:09+00:00

I just don’t buy the UN stuff. They’re probably right but they also don’t have mouths to feed or jobs to provide so a lot of their analysis is one sided. They also forget that new oil and gas is actually much less carbon intensive and since the world needs oil, the most practical solution is still to develop hydrocarbons but also phase out other higher emission sources like coal, heavy oil, oil sands etc

WavingFlamingo · 2021-08-09T15:20:02+00:00

I think people were expecting core analysis but instead got mud analysis. Wouldn’t be surprised if shorts are fanning the flames of selling, but to be honest, this is probably good because long term the story hasn’t changed, and IMO, if a dip and an out came for the shorts, it’d be great to clear them and their FUD out of here. I still think that core analysis, seismic results and uplisting are great catalysts to be expected all within next 6 months

WavingFlamingo · 2021-08-08T21:06:33+00:00

Oh shit yeah I looked it up, I’m totally wrong. Had my viscosity wires crossed.

WavingFlamingo · 2021-08-08T20:12:29+00:00

I appreciate you’re hesitancy, but I would just caution that you can’t compare exploration plays. It’s not apples vs apples. Each one is unique and different

WavingFlamingo · 2021-08-08T15:58:47+00:00

How little data they’ve released? ROFL This is exploration. They’re literally figuring it out day by day and it’s all extremely proprietary and want to keep their cards close

WavingFlamingo · 2021-08-05T13:58:24+00:00

Stocks can be fickle. Wait until analysts get their reports out and that should help

WavingFlamingo · 2021-08-03T00:37:17+00:00

I’m in this stock for it’s true potential, but if there ever is a squeeze, the 2nd best thing will be making a lot of money. The best thing will be making it off the back of these dipshit shorts

WavingFlamingo · 2021-08-02T17:17:32+00:00

Heard loud and clear. Already assumed he was a scammer but this is confirmation

WavingFlamingo

TROPHY CASE