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Bullboard - Stock Discussion Forum 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... see more

TSXV:PQE.H - Post Discussion

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Post by HayField on Aug 31, 2022 8:12am

Plan B

Ok so Viston backed out of buying the whole company.  We all believe there was a large well known company that wanted to keep their name secret behind Viston.  Was this secret company just looking to make some money off licensing OR are they in the oil business and wanted to use the technology for themselves - setting up their own CORT plants amongst their existing oil fields.  If this is the case the company has already convinced themselves of the value of the technology ... in my opinion a big part of the value is for an oil company to use this technology and paint themselves green.  So are they just going to walk away from this technology ... or do they have a plan B and will approach PQE for a good deal on a massive implementation of the CORT technology as they originally intended IF they are already in the oil business.
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