Today’s markets are nearly impossible to predict. Take oil for example: The Middle East is a ticking time bomb, and production out of Venezuela, Iran and Libya is plummeting. One would expect firmer prices, but, instead, we get a violent break to the downside.
Renaissance Oil (ROE.V) reports record annual revenue, confirms potential of commercial play at Amatitlán block
Crude oil has been on a tear in recent months, defying the expectations of many in the analyst community, tacking on gains, now consolidating well off the lows witnessed last December.
International Frontier (IFR.V), a first-mover in Mexico’s energy reform, is kicking development into a whole new gear on its Tecolutla block.
In the mining business, “political risk discount” factors in the possibility that a change of government could bugger up a mining project.
On February 26, Renaissance Oil (ROE.V) – the second largest oil producer in Mexico – went on a run – trading 5.3 million shares – rising 17% in a single day – from 23.5 to 27.5.