Renaissance Oil Corp. (ROE:TSXV), led by Craig Steinke, jumped 33% to close at $0.24 per share Monday.
Craig Steinke shows his depth with Renaissance Oil
While the majority of junior oil and gas stocks shiver in the cold wind of one of the most severe bear market in energy prices, Steinke’s Renaissance Oil recently raised $10.6 million.
On November 4th, Renaissance Oil announced it had closed the balance of its successfully oversubscribed private placement between the Company and Haywood Securities Inc., for 45,865,000 units at a price of C$0.10 per Unit, for additional gross proceeds of approximately C$4.6 million. Renaissance has raised a total of C$10,689,000.
This show of strength in one of the worst junior markets in history can be credited to one thing:management. Renaissance’s shares are now up over 100% from the subscription price.
We wrote about Craig Steinke’s success in our latest Ebook which chronicles the success of 50 multimillion, and in some cases billion, dollar buyouts. Below is a short excerpt:
“Past success: CEO and Chairman of Realm Energy, which was bought out in a deal worth approximately $142 million. Realm Energy (RLM:TSXV), formed by Craig Steinke and Ian Telfer in 2009, collaborated with Halliburton (Houston), assembled key shale plays in ten European basins, completed a major joint venture with ConocoPhillips and was bought out by San Leon Energy Plc (according to Bloomberg it is a natural-gas explorer backed by billionaire George Soros) in a deal worth $142 million (figure sourced from Bloomberg). The buyout occurred in late-2011. Steinke was the Executive Chairman and CEO of Realm.”
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Renaissance Oil trades higher in November Stock Challenge
Renaissance Oil Corp. (ROE:TSXV) closed up 33% to close at $0.24 per share on light the volume. The move was enough to capture the Daily Stock Challenge Breakout award in November’s Stock Challenge.
Long-time member ‘agmreporter‘ and ‘GeoInvest‘ both selected Renaissance for November’s Stock Challenge.
agmreporter outperformed all Challengers Monday as his combined average return was 16.35%, compared to GeoInvest’s 12.38%.
Marijuana stocks stabilized Monday, keeping the majority of members in the Top 10 in good position. Our current leader, ‘micronta‘ is sitting pretty with a 58.18% combined average return.
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