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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.


OTCPK:GNOLF - Post by User

Genoil Inc
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Comment by eliner63on Oct 18, 2010 11:04am
475 Views
Post# 17576600

RE: RE: How high could this go?

RE: RE: How high could this go?The recession caused this stock to take a hit as potential contracts that appeared imminent either got delayed or canceled and funding vaporized.  The company appears to be now back on track with some real money behind it.   A little but I don't believe a lot of patience will be needed.  The recent nr is pretty significant.

If this was 2008 I'd say the company would be over 2 dollars at this stage but "now is now".  I do believe when it hits $2 it'll be based more on substance.   The potential for this to happen in the near future is good, and DL is working hard to finally solidify the company.  I don't think 2-3 dollars is being overly optimistic over the next couple of years.
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