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Petroteq Energy Inc 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

Bullboard Posts
Post by BlueMetal75on Oct 04, 2018 3:24pm
77 Views
Post# 28747096

The selloff continues

The selloff continuesMakes no sense to be selling right now. As per the recent interview with Dr. Bailey, we have little debt at this point, we're fully funded, the new production plant is up and running and will achieve its goal of 1000 bpd this quarter, we are about to start selling the oil to SLC refiners, and the uplist to the NASDAQ is right around the corner. As if that's not enough, both Dr. Bailey and CEO David Sealock have publicly stated that we are CURRENTLY in talks with foreign companies about licensing our technology (or possible joint ventures).

And people are selling? On what basis could you even consider selling at this point? Only thing I can come up with is that the sellers don't believe any of it. So David Sealock is just flat-out lying. Dr. Bailey is lying. The New York Times and OilPrice.com are lying. There is no viable technology to get the oil out of the oil sands - it's all an elaborate con.

As ludicrous as that sounds, I think you MUST believe that to be selling right now. Why else would you sell, when the company and its proprietary technology is now sitting on the launch pad and about to lift off?

As for me, I'm holding. This technology is going to be a game changer. And I want to be a part of it.

Bullboard Posts