Petroteq Energy Inc V.PQE.H

Goldman Sacks advises investors look at oil-sands stocks

[hintonkid]

There was a story on BNN Bloomberg, this morning, in which Goldman Sacks suggests that investors should take another look at Oil-sands stocks for new investment opportunities in the energy sector as the shale-oil stocks are taking a real beating of late and the practice of fracking is seeing a backlash now.  Petroteq Energy's new technology could be arriving on scene just at the right time as it's technolgy is much cleaner than traditional extraction methods as depicted in the Canadian Oilsands of Northern Alberta.  Everyone has seen the stream of Hollywood celebrities flocking up to Fort MacMurray and showing the desolate landscape, toxic waste settling ponds and coining the viral hashtag #dirty oil and telling the world to not buy Canadian oil.  The Canadian oil industry has been given a collosal black eye.  If PQE can get their plant producing oil at 10,000 barrels of oil per day this will be a game changer for the industry around the world and for PQE and it's partners.  I can see a number of the US shale-producers looking to branch out into the oil sands of Utah as the investment costs would not be as great as they have been using the older and less efficient technology of the Canadian oil sands.  They could make money with a smaller plant, smaller enviromental footprint and the Utah oilsands are situated close to the refineries at Salt Lake City, Utah.  The bigger companies such as Exxon Mobile, Chevron, Shell and Phillips 66 just to name a few may also consider taking a more serious look at this technology as well.  Exxon and Chevron have pulled out of the Canadian oilsands and are now freed up to consider such oilsands investments much closer to home.  Any one of these companies could decide to make a major investment in PQE and it's partners to enable the development of a plant that can generate the same amount of oil output as their Fort MacMurray plants did but significantly cleaner and cheaper.  Their Fort Mac operations required an oil price of about $75.00 to $80.00 per barrels just to break even but if they only need an oil price of $30.00 US  to generate revenue that would be quite attractive to them from a business perspective.  Utah could be see a major oil boom thanks to PQE, it's partners and their extraction technology.