Petroteq Energy Inc V.PQE.H

Alternate Symbol(s): PQEFF

Energy Oil & Gas E&P

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

Petroteq Energy Inc > Uppgard offer

<< Previous

Bullboard Posts

Next >>

Comment by bayoubuckson Jul 30, 2021 10:39am

249 Views

Post# 33631846

RE:Uppgard offer

If Canadian law is the same as the U.S. regarding financial consolidation, a company must own 80% or more of the outstanding shares in order to file a consolidated return. Otherwise, it's just carried as an investment on the balance sheet. That would mean Uppgard would have to up the shares purchased substantially. Any accountants out there that can confirm this?

<< Previous

Bullboard Posts

Next >>

Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload