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Petroteq Energy Inc V.PQE


Primary Symbol: V.PQE.H Alternate Symbol(s):  PQEFF

Petroteq Energy Inc. is a clean technology company. The Company is focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. The Company's subsidiary, Petroteq Energy CA Inc. (PCA), is engaged in the business of exploring for, extracting and producing oil and hydrocarbon products from oil sands deposits and sediments located in the Asphalt Ridge area of Uintah County, Utah. The Company specializes in oil production with ancillary offerings in mining and sand remediation. The Company's clean oil recovery technology (CORT) is used at its Asphalt Ridge Plant to extract and produce crude oil from oil sands utilizing a closed-loop solvent-based extraction system.


TSXV:PQE.H - Post by User

Comment by deepoil0808on Aug 09, 2022 12:08am
123 Views
Post# 34880645

RE:RE:Netoil deal is a HUGE MONEY MAKER for PQE: $53,960,000

RE:RE:Netoil deal is a HUGE MONEY MAKER for PQE: $53,960,000I was being conservative.

So if we do it your way, more realistically the numbers are as follows:

(a)  2 license at $ 6,000,000 USD * 1.30 exchange rate:                                    $    16,000,000

(2)  50,000bbl/day * 2 lands * 365 days * $ 4 USD *  $ 1.30 exchange                    189,800,000

Total profit from this deal:                                                                                    $    205,800,000

Earnings would be approximately 25 cents per share.

So why is PQE selling????

With this type of a return, stock should be DOUBLE DIGITS at a minimum.

My personal opinion,
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