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 26, 2022 5:57pm
292 Views
Post# 34923742

Great move by PQE

Great move by PQEThe $ 900,000 financing was done at 27 cents Canadian for the Utah lands to begin operations.

They are able to produce 500 barrels of oil per day at a profit of $ 65 per barrel of oil.

This means revenue of:   $ 11,862,500 from oil 

PLUS,

Selling of clean sand of $ 5 per barrel of oil:     $  912,500 per year.

Do not forget we have 2 licenses from Netoil totaling $ 12,000,000 USD and, 2 from Cantone totaling $ 4,000,000 USD.

We also get 5% royalty per barrel of oil sold.   NETOIL will be a major producer, maybe 100,000 barrels per day.

So we are FINALLY moving in the right direction.

The message to VISTON is clear, it is a F....off message, either you close the deal on September 9th without CFIUS approval at 74 cents or, take your sh***it elsewhere, with fake bank, fake insurance, mystery buyer, DA investigators, bad press in newspapers and etc....

So drama continues on.

Realistically, if PQE keeps signing up license deals and they produce from UTAH land, the stock will soar way beyond the 74 cents offered by Viston.

I would have done the same.

The present management of PQE is not the old corrupt management.   You can see a huge difference.

Very bullish.

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