Petroteq Energy Inc V.PQE.H

RE:Market doesn't believe Petroteq

[Natedawg85]

"Assuming cost of production is $30 per barrel (which is on the high end of the company's estimates) and the oil selling price is $55 per barrel, that's a profit of $25 per barrel." Has petroteq stated they are selling their oil for $55? Most oil doesn't sell for WTI prices. Heavy oil is normally sold at a discount. Perhaps the oil produced is more similar to the Utah Black Wax shown here? https://oilprice.com/oil-price-charts#prices The oil produced may be even of lower quality and fetch a lower price. I think the market is likely waiting to see if petroteq can actually produce the amount they aim to produce and confirm how much they are receiving for their oil. It seems to me petroteq has declared how much their production cost is but not how much they receive per barrel of oil