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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

Comment by hintonkidon Aug 05, 2021 12:44pm
185 Views
Post# 33655262

RE:New bidder for Petroteq

RE:New bidder for PetroteqI have a bit of a concern about the offer(s) in relation to the fact that the offers are still quoted in Euro's.  One must consider the exchange rate in that as the Canadian $ declines then if the sale is carried out in Euro's then the buyer doesn't have to pay as much for the shares and the exchange rate between the 2 currencies would work to the buyer's advantage and Canadian investors would not get as much for their shares as they thought they would.  In addition, the buyer would be able to aquire more than the 270 million shares as they would have more cash available to them to pick up additional shares at the lower net price.  I would like to see the buyer's bid price converted to Canadian $ so that we would know exactly what we could actually be getting for our shares if an aquisition is executed.  Right now the US$ is trading higher than the Euro in the currency markets.  Does anyone else have any thoughts on this?
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