Genoil Inc GNOLF

Energy Oil & Gas Equipment & Services

Genoil Inc. is technology-based company engaged in the development of technologies relating to the oil and gas industry. The Company specializes in heavy-to-light oil technology, oil field development and exploration and production. It is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. It is also working with Chinese policy banks and Chinese companies to provide, project financing, drilling, production, and processing services to the oil and gas industry. Its technology consists of Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. The Company is also engaged in other technologies, such as oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The Company markets its technology to customers in the Middle East, Russia and China.

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Genoil Inc > Davey had years to prepare for this eventuality

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Post by UpPeriscopeon Feb 05, 2022 10:06am

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Davey had years to prepare for this eventuality

and has previously blamed a collapse in oil prices for his multi-billion dollar deals for NOT proceeding. As long-standing shareholders well know-there have been too many to mention derelict projects over the years. Yet here we are-at the threshold of another surge in energy prices the likes of 2008 when the highest recorded price per barrel was $147.02 in July of that year.

https://www.reuters.com/business/energy/oil-extends-gains-above-90bbl-winter-storm-sweeps-through-united-states-2022-02-04/

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