Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

RECO.V Relative to the S&P 500

RECO.V Relative to the Sector

% of Free Cash Flow Generated in Each Quarter

% of Net Income Generated in Each Quarter

Seasonal Chart Analysis

Analysis of the Reconnaissance Energy Africa Ltd. (TSXV:RECO.V) seasonal charts above shows that a Buy Date of November 30 and a Sell Date of February 24 has resulted in a geometric average return of 15.88% above the benchmark rate of the S&P 500 Total Return Index over the past 14 years. This seasonal timeframe has shown positive results compared to the benchmark in 11 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 14 years by an average of 30.55% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company’s operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer. The corporate segment majorly?aggregates costs incurred at the Company’s head office in Vancouver and the operations office in Calgary.

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Stocks mentioned in this post: RECO.V