Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by deepoil0808on Aug 12, 2022 9:54am
242 Views
Post# 34891093

Cantone PP is very BULLISH NEWS as he puts more $$$ in PQE

Cantone PP is very BULLISH NEWS as he puts more $$$ in PQEThe PP was first announced on June 2, 2022 and it normally takes 30 days to close a PP.

PQE has delayed the closing of the PP to the end of August 2022 with Cantone.

The bullish news is that Cantone is still willing to load up on PQE at the equivalent of 27 cents per share.  It means that he expects approval, otherwise he would not throw his money away.

PQE has delayed the PP out of courtesy for Viston in not wanting to dilute the shares HOWEVER, they are playing hardball in sending a message to Viston to CLOSE THE DEAL soon if they want to save some money on the PP and, also a message that PQE will remain solvable in growing its business should VISTON deal closing of the deal further.

It strenghtens the bargaining hand of PQE.

What would be ideal would be for PQE to sign up a few more license deals with third parties in the form was was done with NETOIL.

Perhaps PQE is in discussions with NETOIL whom has the funds to make a competing bid.

You never know,

My personal opinion, 
<< Previous
Bullboard Posts
Next >>