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Return Energy Inc (RTN-X)
CVE:RTN
3.50
Financials
Technical Analysis
$0.330
No
This is a rank exploration wildcat. It’s always good to have one of these in your quiver. Has been at this particular project for about 5 years. The best news is that they are about to drill their 1st exploratory well on an onshore block in Tunisia. Feels political risks are probably pretty low now. No bank debt. A couple of million dollars a year in cash flow from a gas property they have in Hungary.
Will be drilling in Q1, hopefully February. This is a very big prize, could be 50-60 million barrels. Going to do another seismic program to define opportunities. Market has been waiting for them to start drilling.
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Return Energy Inc(RTN-X) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Return Energy Inc(RTN-X) Frequently Asked Questions
What is Return Energy Inc stock symbol?
Return Energy Inc is a Canadian stock, trading under the symbol RTN-X on the TSX Venture Exchange (RTN-CV). It is usually referred to as TSXV:RTN or RTN-X
Is Return Energy Inc a buy or a sell?
In the last year, there was no coverage of Return Energy Inc published on Stockchase.
Is Return Energy Inc a good investment or a top pick?
Return Energy Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Return Energy Inc.
Why is Return Energy Inc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Return Energy Inc worth watching?
In the last year, there was no coverage of Return Energy Inc published on Stockchase.
What is Return Energy Inc stock price?
On 2020-06-03, Return Energy Inc (RTN-X) stock closed at a price of $3.5.
Announced they will be testing a well in the key area for the Abiod in Tunisia. Will be testing 3 zones, so are quite confident they are going to have something. If they find 500-1000 barrels, the stock has done quite well. Likes the company and has a target of $0.55. Information will be known in early December.