Petroteq Energy Inc V.PQE.H

It all boils down to this.....

[mrmomo]

If the company is to survive and for s/h to recoup anything here, it all depends if their "supposed" oil extraction technology/process actually works, and if it does, they have sufficient time & financial resources to work out some kind of deal. I personally cannot comfirm or deny that this "supposed" technology does indeed work or not, but what i can confirm 100% without a doubt & without hesitation that if it does work, it will NOT be used anywhere on US soil. This cannot be debatable, at least not until 2024.

Now i'm not familiar with Petroteq's CORT tech for the Bitumen/heavy oil extraction process but i am with very familiar with the current SAGD technology being widely used in Canada today. Where most of the heavy oil/oil sands are located & being processed. So this is really a SAGD vs CORT arguement and if CORT is superior to SAGD which in itself is a very timely & costly process to set up and operate. The major difference in the two being the use & recovery of certain solvents & the lack or need for water for CORT's case. Due to a lack of sufficient knowledge on the topic, i cannot make a case with absolute certainty for who is superior either way. But what i do know now, and i'll take a shot in the dark here, that if Petroteq's technology was viable in any way, they wouldn't be trading at a nickel going almost BK.

If the tech is shown to work & be viable outside the US, then there could be SOME hope here. Like i've said prevously, i haven't followed this story closely in quite some time so i'm not quite upto date on all the developments. Or if the technology actually works. This unfortunate situation is either one of two things, either big ole fraud/scam from the start to fleece folks from the money or something that folks completely misunderstood and the company along with their s/h being victims of unfortunate circumstances in a difficult environment. Don't ask me which one it could be because i cannot say with absolute certainty. Because it is possible to be both here as hard as that is to believe. As the extraction process could actually work BUT the company being managed by a bunch of unscrupulous & dubious snakeoil salesmen.

For me, someone from the outside looking in but who's very knowledgeable in the sector, the thing that stood out the most was the CFIUS situation. It never made sense and why it was there, why it was needed in the first place for this particular situation. I was about to do a detailed explanation here, but noticed that deepoil0808 has posted a nice summation of the situation & what people should be aware of. Link below for those interested and i strongly suggest folks read it to get an idea of what's at stake & what's going on.

https://stockhouse.com/companies/bullboard?symbol=v.pqe&postid=34760785

In addition and as stated above, if their tech is shown to work as intended, shown & sold, then this will only work in two specific cases. Either outside the USA where environmental laws are more lax and fossil fuels aren't demonized or if the very progressive left leaning Democratic Gov't now in place & in power is defeated in 2024 by the Republicans. Either of these two cases would be conducive for Petroteq........is this is not a scam!

But for now, until more details are known and mgmt gives the market, investors and their s/h some direction. clarity or guidance on what happens next, this is just purely a gamble like going to your local Casino & playing Russian Roulette.

GLTA

[stockshack]

Yes the tsxvulture is full of scamers. But the vulture exchange is just as guilty for letting them on the exchange in the first place. Having said that, if someone is willing to make a bid for all the shares in a takeover. Surely they must have did their due diligence. And a major shareholder's constant buying must have also did their DD.  

[jezzanzuk]

This is of course all in your 'learned opinion'... and based on little else.