Topic: How To Invest

Q: Good day, Pat. Petroteq Energy seems to have a very interesting process. Could I please have your thoughts? Is this a good investment?

Article Excerpt

A: Petroteq Energy, $0.29, symbol PQE on the Toronto Venture Exchange (Shares outstanding: 97.5 million; Market cap: $28.3 million; petroteq.energy), is engaged in the development and implementation of its exclusive environmentally friendly heavy oil processing and extraction technologies. The company believes that its process will generate zero greenhouse gases or waste and removes the need for high temperatures. Petroteq currently has a pilot plant in operation at its Asphalt Ridge, Utah, oil sands project. The test facility is producing 1,000 barrels per day of oil and the company aims to expand that by adding an additional 3,000 barrels per day of capacity. The Asphalt Ridge area is home to sandstone rocks that are full of bitumen—a sticky, semi-solid form of petroleum. The company is pulling bitumen from the rocks and transforming it into heavy oil that is low in sulfur, contains no paraffin and little heavy metals such as nickel and vanadium. That oil can be turned into diesel, kerosene or jet…