PQEFF Clean Energy Breakout Pick w/ Triple-Digit Gain Potential
Petroteq Energy Inc. (PQEFF)
Alert Price: $0.0650
Float:167.35M
Technical Analysis (Huge Upside Potential From Here)
Company Website | Recent News
Climate change has been one of the most talked-about topics this year, as natural disasters have increased in almost every part of the world. 2020 is likely to be the warmest year on record, according to the World Economic Forum, which collected data from multiple sources including NASA. From Australia to California, bushfires have been rampant globally, causing a grave threat to the ecosystem.
The Amazon rainforest, which roughly produces 6% of the global oxygen supply, has also reported massive wildfires this year. Not to mention the frequent floods across coastal states in the United States. Recent reports state that 1 in 6 Americans are concerned about climate change in light of the recent developments.
Realizing the grave threat of climate change to civilization, leaders of various countries have come together to take the necessary steps to curb global warming. If Joe Biden becomes the next US president, it should lead the country into taking more action as well. The former vice-president has outlined a $2 trillion investment project to make the United States a green economy by eliminating carbon emissions by 2050.
The upcoming presidential election could have big implications for energy stocks. That's because the energy plans of President Donald Trump and Democratic nominee Joe Biden are nearly polar opposites. Thus, there's an implication that the winner will have an outsized impact on the sector over the next four years.
However, some energy stocks should win no matter who emerges the victor on election night.
One of these stocks is our latest trade idea Petroteq Energy Inc. (PQEFF).
Petroteq is a clean technology company 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.
PQEFF trades publicly in three countries, USA (OTC:PQEFF), Canada (TSXV:PQE), and Germany (FSE:PQCF).
About the Company.
Petroteq is a clean technology company 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. Petroteq is currently focused on developing its oil sands resources at Asphalt Ridge and upgrading production capacity at its demonstration heavy oil extraction facility located near Vernal, Utah.
Petroteq believes that its technology can produce a relatively sweet heavy crude oil from deposits of oil sands at Asphalt Ridge without requiring the use of water, and therefore without generating wastewater which would otherwise require the use of other treatment or disposal facilities which could be harmful to the environment. Petroteq's process is intended to be a more environmentally friendly extraction technology that leaves clean residual sand that can be returned to the environment, without the use of tailings ponds or further remediation.
For more information, visit www.Petroteq.energy.
PETROTEQ'S PATENTED OIL SANDS EXTRACTION TECHNOLOGY IS A BREAKTHROUGH FOR THE OIL SANDS INDUSTRY.
Petroteq Energy Inc. has developed a unique, environmentally safe, continuous flow, closed-loop technology... a first in North America... and probably in the world. The Company's philosophy is that the environment and the oil sands industry can work together harmoniously... without any of the resulting destruction seen in so many of the world's major oil sands projects. This extraction technology is the result of nearly five years of research by Petroteq's research and engineering teams, headed up by Chief Technology Officer Dr. Vladimir Podlipskiy, well known for his work with benign solvents. Over this period of time, Petroteq gradually enhanced and improved the efficiencies of its technology at each stage of fabrication with better dryer/mixer components and a higher consistency of oil sands flow. This extraction technology is versatile...it can be effectively applied to both "water-wet" deposits (such as the oil sands projects in Alberta, Canada) or the "oil-wet" deposits such as the resources typically found in Utah.
Petroteq's extraction technology utilizes no water in the extraction process, produces no greenhouse gases and requires no high temperatures/pressures. It extracts up to 99% of all hydrocarbon contents and recycles up to 99% of the benign solvents. The proprietary solvent composition consists of hydrophobic, hydrophilic and polycyclic hydrocarbons. In testing periods, these solvents separated up to 99% of heavy bitumen/asphalt and other lighter hydrocarbons from the oil sands while preventing their precipitation during the extraction process. Solvents used in this composition form an azeotropic mixture which has a low boiling point of 70-75 C degrees. Petroteq expects to recycle over 99% of the solvents used. These features make it possible for hydrocarbon extraction from oil sands feedstock at mild temperatures of 50-60 C degrees... with no vacuum or pressure applied. There's no need for tailings ponds because the only elements that leave the closed-loop system are the extracted crude oil and the cleaned sands, which can be placed back in the earth or sold as clean sand for construction or fracking purposes.
Another unique component of the Petroteq extraction process is the application of its own extractor, based on a proprietary, patent-pending liquid fluidized bed. Similar-style fluid bed systems have been successfully utilized on a commercial scale in the coal-burning industry, the chemical industry and a wide variety of different industries for decades. This liquid fluidized bed-style reactor is expected to provide continuous mixing of the solvents and the solid ore particles. This action provides a continuous flow process with optimal material/mass/energy balances.
PETROTEQ'S EXTRACTION TECHNOLOGY HAS BEEN EVALUATED BY A REPUTABLE, INDEPENDENT CONSULTING FIRM.
Petroteq's oil extraction technology has been evaluated by a reputable engineering firm, Chapman Engineering Company (Calgary, Alberta), who are experts in petroleum and chemical engineering projects as well as providing economical analyses for resource development processes.
CHAPMAN'S INDEPENDENT REPORT CONCLUDED THAT PETROTEQ'S EXTRACTION TECHNOLOGY IS SCALABLE, COMMERCIALLY VIABLE AND COST EFFECTIVE.
An excerpt from the report:
"Petroteq's oil sands extraction process has been designed utilizing good engineering practices and confirmed chemical and physical principles. Many innovative chemical and engineering aspects have been incorporated into the process to achieve over 98% of bitumen extraction from the oil sands, and a greater than 99.5% solvent recycling efficiency. The principals and processes implemented utilize established technologies, and are comparable to ones successfully utilized in different industrial applications for many years."
The conclusions of the Chapman Report show that Petroteq's extraction process could reasonably expect to have overall processing costs of $30.00-$40.00 STB of crude bitumen generated, representing a netback of approximately $49.00 per STB. There is a 90% confidence level that the per STB processing costs will fall between $22.84 and $38.87 per STB. Note that these costs were formulated at a time when WTI was selling for $80.00 USD bbl. Proportionate savings on processing costs based on a lower oil price per barrel of $50.00-$60.00 would be approximately $25.00-$28.00 USD per barrel due to much lower propane and condensate costs.
WITH THE VALIDATION OF THE CHAPMAN REPORT, PETROTEQ IS MOVING FORWARD WITH THE DEVELOPMENT OF ITS TECHNOLOGY.
Petroteq is confident that with the positive findings/conclusions of the comprehensive Chapman Engineering Report, "The Evaluation of Oil Sands Extraction Process - NW Asphalt Ridge, Utah," the Company will move into Phase #2 of its development plans with one or more larger capacity extraction units.
PATENT PROTECTION
THE PROCESS OF PROTECTING PETROTEQ'S PROPRIETARY EXTRACTION TECHNOLOGY WORLDWIDE IS ONGOING.
Petroteq's patent portfolio includes technology for the environmentally-safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq has been involved in the patent protection processes since its initial technology development in 2011.
Petroteq has received patent protections in three key markets: The United States, Canada and Russia.
A U.S. patent and corresponding foreign patents in Russia and Canada have been issued that cover the significant features of a system and process for extracting oil from oil sands. Also covered are key aspects of the extraction process that include:
Appropriate solvents and additives for use in the process;
A methodology for employing the oil sands extraction process; and
Engineering and interactive design features of the system.
The Patent Protection details for an "oil from oil sands extraction process" can be reviewed at length under the following Patent Protection numbers:
9884997 - US
2754355 - Canada
2571827 - Russia
Petroteq Energy Identifies Oil Sands With the Potential for Higher Oil Saturations Than Previously Mined
Survey Has Identified Prospective Mining Locations for Company's Initial Operations which are on Schedule to Restart in November
On Thursday the Company announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge (the "POSP") continues on schedule with restart of the plant on track for late November 2020.
A recent survey of Petroteq's lease properties has identified three key areas where the oil sands ore appears to have higher oil saturations than what was previously mined. Samples were taken from each location and lab assays of the samples are in progress and are close to being completed. These areas are currently anticipated to be the focus of Petroteq's mining efforts during the initial operation of the POSP following its pending restart. In addition, six corehole locations were staked and, subject to rig availability, will be drilled during November. This work would allow Petroteq's mining consultant to develop a detailed mining plan which would direct future mining operations for extended plant operation.
George Stapleton, Petroteq COO, commented: "Despite some vendor delays, we were able to remain on schedule and are still on track to begin starting up the POSP in late November. I am very much looking forward to the results of our ore sample assays and, in particular, evaluating the results of our core drilling program. Although some critical pumps were delayed two weeks, all equipment needed for the upgrade has now been shipped to the site in Vernal with the final deliveries scheduled for next week. Installation and tie-in of the third mixing tank is complete. All control system components and instrumentation have been received at site and installation is underway."
Technical Analysis
Based on our own technical analysis, we see the potential for another big move from here.
Bullish Technical Indicators
Strong bounce post earnings despite market weakness, setting up next impulse wave higher.
Use Fibonacci extension levels as targets.
Indicators all in bullish reversals.
Stochastic in bullish reversal off support.
Momentum changes trend on earnings.
Bullish uptrend as accumulation increases.
The Bottom Line
Energy stocks have had a resurgence in the last few months as the prospect of a more friendly presidential administration has enticed investors.
On speculation Joe Biden could win the election, clean energy stocks are pushing higher.
All as investors get swept up by the possibility he could win. Plus, he reportedly has a $2 trillion sustainable energy infrastructure plan that could make the U.S. carbon free by 2035.
But no matter who wins the White House, there are opportunities for investors in clean energy, and we believe that no other name in the sector gives you as much upside as PQEFF.
By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)Regards
Alert Price: $0.0650
Float:167.35M
Technical Analysis (Huge Upside Potential From Here)
Company Website | Recent News
Climate change has been one of the most talked-about topics this year, as natural disasters have increased in almost every part of the world. 2020 is likely to be the warmest year on record, according to the World Economic Forum, which collected data from multiple sources including NASA. From Australia to California, bushfires have been rampant globally, causing a grave threat to the ecosystem.
The Amazon rainforest, which roughly produces 6% of the global oxygen supply, has also reported massive wildfires this year. Not to mention the frequent floods across coastal states in the United States. Recent reports state that 1 in 6 Americans are concerned about climate change in light of the recent developments.
Realizing the grave threat of climate change to civilization, leaders of various countries have come together to take the necessary steps to curb global warming. If Joe Biden becomes the next US president, it should lead the country into taking more action as well. The former vice-president has outlined a $2 trillion investment project to make the United States a green economy by eliminating carbon emissions by 2050.
The upcoming presidential election could have big implications for energy stocks. That's because the energy plans of President Donald Trump and Democratic nominee Joe Biden are nearly polar opposites. Thus, there's an implication that the winner will have an outsized impact on the sector over the next four years.
However, some energy stocks should win no matter who emerges the victor on election night.
One of these stocks is our latest trade idea Petroteq Energy Inc. (PQEFF).
Petroteq is a clean technology company 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.
PQEFF trades publicly in three countries, USA (OTC:PQEFF), Canada (TSXV:PQE), and Germany (FSE:PQCF).
About the Company.
Petroteq is a clean technology company 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. Petroteq is currently focused on developing its oil sands resources at Asphalt Ridge and upgrading production capacity at its demonstration heavy oil extraction facility located near Vernal, Utah.
Petroteq believes that its technology can produce a relatively sweet heavy crude oil from deposits of oil sands at Asphalt Ridge without requiring the use of water, and therefore without generating wastewater which would otherwise require the use of other treatment or disposal facilities which could be harmful to the environment. Petroteq's process is intended to be a more environmentally friendly extraction technology that leaves clean residual sand that can be returned to the environment, without the use of tailings ponds or further remediation.
For more information, visit www.Petroteq.energy.
PETROTEQ'S PATENTED OIL SANDS EXTRACTION TECHNOLOGY IS A BREAKTHROUGH FOR THE OIL SANDS INDUSTRY.
Petroteq Energy Inc. has developed a unique, environmentally safe, continuous flow, closed-loop technology... a first in North America... and probably in the world. The Company's philosophy is that the environment and the oil sands industry can work together harmoniously... without any of the resulting destruction seen in so many of the world's major oil sands projects. This extraction technology is the result of nearly five years of research by Petroteq's research and engineering teams, headed up by Chief Technology Officer Dr. Vladimir Podlipskiy, well known for his work with benign solvents. Over this period of time, Petroteq gradually enhanced and improved the efficiencies of its technology at each stage of fabrication with better dryer/mixer components and a higher consistency of oil sands flow. This extraction technology is versatile...it can be effectively applied to both "water-wet" deposits (such as the oil sands projects in Alberta, Canada) or the "oil-wet" deposits such as the resources typically found in Utah.
Petroteq's extraction technology utilizes no water in the extraction process, produces no greenhouse gases and requires no high temperatures/pressures. It extracts up to 99% of all hydrocarbon contents and recycles up to 99% of the benign solvents. The proprietary solvent composition consists of hydrophobic, hydrophilic and polycyclic hydrocarbons. In testing periods, these solvents separated up to 99% of heavy bitumen/asphalt and other lighter hydrocarbons from the oil sands while preventing their precipitation during the extraction process. Solvents used in this composition form an azeotropic mixture which has a low boiling point of 70-75 C degrees. Petroteq expects to recycle over 99% of the solvents used. These features make it possible for hydrocarbon extraction from oil sands feedstock at mild temperatures of 50-60 C degrees... with no vacuum or pressure applied. There's no need for tailings ponds because the only elements that leave the closed-loop system are the extracted crude oil and the cleaned sands, which can be placed back in the earth or sold as clean sand for construction or fracking purposes.
Another unique component of the Petroteq extraction process is the application of its own extractor, based on a proprietary, patent-pending liquid fluidized bed. Similar-style fluid bed systems have been successfully utilized on a commercial scale in the coal-burning industry, the chemical industry and a wide variety of different industries for decades. This liquid fluidized bed-style reactor is expected to provide continuous mixing of the solvents and the solid ore particles. This action provides a continuous flow process with optimal material/mass/energy balances.
PETROTEQ'S EXTRACTION TECHNOLOGY HAS BEEN EVALUATED BY A REPUTABLE, INDEPENDENT CONSULTING FIRM.
Petroteq's oil extraction technology has been evaluated by a reputable engineering firm, Chapman Engineering Company (Calgary, Alberta), who are experts in petroleum and chemical engineering projects as well as providing economical analyses for resource development processes.
CHAPMAN'S INDEPENDENT REPORT CONCLUDED THAT PETROTEQ'S EXTRACTION TECHNOLOGY IS SCALABLE, COMMERCIALLY VIABLE AND COST EFFECTIVE.
An excerpt from the report:
"Petroteq's oil sands extraction process has been designed utilizing good engineering practices and confirmed chemical and physical principles. Many innovative chemical and engineering aspects have been incorporated into the process to achieve over 98% of bitumen extraction from the oil sands, and a greater than 99.5% solvent recycling efficiency. The principals and processes implemented utilize established technologies, and are comparable to ones successfully utilized in different industrial applications for many years."
The conclusions of the Chapman Report show that Petroteq's extraction process could reasonably expect to have overall processing costs of $30.00-$40.00 STB of crude bitumen generated, representing a netback of approximately $49.00 per STB. There is a 90% confidence level that the per STB processing costs will fall between $22.84 and $38.87 per STB. Note that these costs were formulated at a time when WTI was selling for $80.00 USD bbl. Proportionate savings on processing costs based on a lower oil price per barrel of $50.00-$60.00 would be approximately $25.00-$28.00 USD per barrel due to much lower propane and condensate costs.
WITH THE VALIDATION OF THE CHAPMAN REPORT, PETROTEQ IS MOVING FORWARD WITH THE DEVELOPMENT OF ITS TECHNOLOGY.
Petroteq is confident that with the positive findings/conclusions of the comprehensive Chapman Engineering Report, "The Evaluation of Oil Sands Extraction Process - NW Asphalt Ridge, Utah," the Company will move into Phase #2 of its development plans with one or more larger capacity extraction units.
PATENT PROTECTION
THE PROCESS OF PROTECTING PETROTEQ'S PROPRIETARY EXTRACTION TECHNOLOGY WORLDWIDE IS ONGOING.
Petroteq's patent portfolio includes technology for the environmentally-safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq has been involved in the patent protection processes since its initial technology development in 2011.
Petroteq has received patent protections in three key markets: The United States, Canada and Russia.
A U.S. patent and corresponding foreign patents in Russia and Canada have been issued that cover the significant features of a system and process for extracting oil from oil sands. Also covered are key aspects of the extraction process that include:
Appropriate solvents and additives for use in the process;
A methodology for employing the oil sands extraction process; and
Engineering and interactive design features of the system.
The Patent Protection details for an "oil from oil sands extraction process" can be reviewed at length under the following Patent Protection numbers:
9884997 - US
2754355 - Canada
2571827 - Russia
Petroteq Energy Identifies Oil Sands With the Potential for Higher Oil Saturations Than Previously Mined
Survey Has Identified Prospective Mining Locations for Company's Initial Operations which are on Schedule to Restart in November
On Thursday the Company announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge (the "POSP") continues on schedule with restart of the plant on track for late November 2020.
A recent survey of Petroteq's lease properties has identified three key areas where the oil sands ore appears to have higher oil saturations than what was previously mined. Samples were taken from each location and lab assays of the samples are in progress and are close to being completed. These areas are currently anticipated to be the focus of Petroteq's mining efforts during the initial operation of the POSP following its pending restart. In addition, six corehole locations were staked and, subject to rig availability, will be drilled during November. This work would allow Petroteq's mining consultant to develop a detailed mining plan which would direct future mining operations for extended plant operation.
George Stapleton, Petroteq COO, commented: "Despite some vendor delays, we were able to remain on schedule and are still on track to begin starting up the POSP in late November. I am very much looking forward to the results of our ore sample assays and, in particular, evaluating the results of our core drilling program. Although some critical pumps were delayed two weeks, all equipment needed for the upgrade has now been shipped to the site in Vernal with the final deliveries scheduled for next week. Installation and tie-in of the third mixing tank is complete. All control system components and instrumentation have been received at site and installation is underway."
Technical Analysis
Based on our own technical analysis, we see the potential for another big move from here.
Bullish Technical Indicators
Strong bounce post earnings despite market weakness, setting up next impulse wave higher.
Use Fibonacci extension levels as targets.
Indicators all in bullish reversals.
Stochastic in bullish reversal off support.
Momentum changes trend on earnings.
Bullish uptrend as accumulation increases.
The Bottom Line
Energy stocks have had a resurgence in the last few months as the prospect of a more friendly presidential administration has enticed investors.
On speculation Joe Biden could win the election, clean energy stocks are pushing higher.
All as investors get swept up by the possibility he could win. Plus, he reportedly has a $2 trillion sustainable energy infrastructure plan that could make the U.S. carbon free by 2035.
But no matter who wins the White House, there are opportunities for investors in clean energy, and we believe that no other name in the sector gives you as much upside as PQEFF.
By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)Regards