Genoil Inc GNOLF

Energy Oil & Gas Equipment & Services

Genoil Inc. is technology-based company engaged in the development of technologies relating to the oil and gas industry. The Company specializes in heavy-to-light oil technology, oil field development and exploration and production. It is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. It is also working with Chinese policy banks and Chinese companies to provide, project financing, drilling, production, and processing services to the oil and gas industry. Its technology consists of Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. The Company is also engaged in other technologies, such as oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The Company markets its technology to customers in the Middle East, Russia and China.

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Genoil Inc

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Comment by redleg1on Jan 11, 2017 6:21pm

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Post# 25696618

RE:RE:RE:RE:RE:Genoil Compared To Ivanhoe Energy:

I do. That's why I'm as long as I am and as disgruntled we can't pry some dates or something resembling a plan out of anyone. Just for quick math, I did 7mbpd*$3/bbl (10% of $30 bbl spread)*365 days/450M shares. Crude math, but it's about $17 EPS. So rough numbers, $100/share would be around a P/E of 5 and change. upside is even greater if Genoil can really execute on just what's on LOI. Even if any one of my numbers are off, I'm still way underestimating. This excludes future business, although I think they may have cornered most of the market already, so I don't think there's much more upside potential unless they get vertically integrated.

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