TSXV:PQE.H - Post by User
Post by
Blackwashon Aug 23, 2020 3:55am
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Post# 31442868
Uinta opportunity
Uinta opportunity A post I'm sharing from the QFI shareholders forum (It's on Tapatalk and is a wealth of good information and in depth discussion) from our oil guru ianb. "The conventional uinta basin oil shale thing doesnt work in sub low WTI crude oil prices. And with Uinta black wax crude trading at a permanent discount to WTI - not because of its value but because of its transport issues to a limited refining market -neither does uinta basin shale oil. LSMSAR from oil shale kerogen/ bitumen and MSAR from black wax crude for further distance truck /railcar transport to a wider choice of refinery has the potential to change everything and bring the billions of barrels of stranded uinta basin oil to the US market at a bear market resilient @$20/$30 cost." Hoping this is the prelude to exciting times for all participants.