PQE.V - Petroteq Energy Inc
| Previous Close | 0.4700 |
| Open | 0.4850 |
| Bid | 0.45 x 0 |
| Ask | 0.51 x 0 |
| Day's Range | 0.4450 - 0.4850 |
| 52 Week Range | 0.4150 - 2.1000 |
| Volume | 166,859 |
| Avg. Volume | 114,088 |
| Market Cap | 45.814M |
| Beta (3Y Monthly) | 0.50 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.25 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1.45 |
- GlobeNewswire•3 days ago
Petroteq Energy Announces Investment by CEO
The Company is pleased to announce a proposed private placement with three arm’s length subscribers of up to 7,242,424 common shares of the Company at US$0.33 per share for gross proceeds of US$2,390,000. The Company also proposes to issue 571,442 common shares in satisfaction of US$228,578 of accrued and unpaid sitting fees to December 31, 2018 currently owed to its five directors and Corporate Secretary. The individuals and the Company determined to satisfy the foregoing indebtedness with securities in order to preserve the Company’s cash for use on its extraction technology in Asphalt Ridge, Utah and for working capital.
- GlobeNewswire•8 days ago
Petroteq Energy Announces Resource Acquisition
The lands included in the leases are located in P.R. Springs and the Tar Sands Triangle, two areas that have been designated as “Special Tar Sands Areas” by the U.S. Bureau of Land Management. The details of the acquisition are as follows: TMC Capital, LLC (“TMC”), an indirect wholly owned operating subsidiary of the Company, will acquire an undivided 50% interest in the operating rights (working interests) under a federal oil and gas lease located in P.R. Springs and five federal oil and gas leases located in the Tar Sands Triangle. Under this transaction, TMC will pay Momentum Asset Partners I, LLC, a Nevada limited liability company, total consideration of US$10.8 million, US$1.8 million payable in cash and US$9 million payable in shares, namely 15 million common shares of the Company, at a deemed value of US$0.60 per share, representing a premium of approximately 76% from the last closing price of the common shares.
- GlobeNewswire•9 days ago
Press Release Retraction: Petroteq Retracts Press Release Issued on February 6, 2019 Regarding Shares for Debt
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. SHERMAN OAKS,.
- GlobeNewswire•9 days ago
Petroteq Energy Announces Issuance of Securities
FSE: PQCF), a fully integrated oil and gas company, announces it has agreed to complete a shares for debt transaction, pursuant to which it proposes to issue 23,076,923 common shares in satisfaction of a promissory note (the “Note”) for US$6 million issued by TMC Capital, LLC (“TMC”), an indirect wholly owned subsidiary of the Company, to an arm’s length party (the “Seller”). The Company determined, and the Seller agreed, to satisfy the Note with common shares in order to preserve its cash for use on its extraction technology in Utah, and for working capital. The shares will be issued upon execution of a definitive agreement, acceptance by the TSX Venture Exchange and approval by the directors of the Company.
- Zacks Small Cap Research•11 days ago
PQEFF: Zacks Initiates Coverage of Petroteq Energy
Petroteq Energy (PQEFF) (PQE.V) is an upstream exploration and production (E&P) company focused on advancing its proprietary Clean Oil Recovery Technology (CORT). Currently, the company is ramping up bitumen oil production at its newly commissioned 1,000 bpd facility at Asphalt Ridge in Utah with the oil sands feedstock is being mined from the company’s adjacent property. Along Asphalt Ridge, the company controls 2,542 acres of mineral leases, for which a NI 51-101-compliant Contingent Resources report establishes a Best Estimate (at the P-50 confidence level) of discovered bitumen initially-in-place (DBIIP) of 87,495,000 STB.
- GlobeNewswire•last month
Petroteq Energy Announces Closing of Financings
The Company issued to an arm’s length lender a US$2,400,000 principal amount (including an original issue discount of 20%) secured convertible debenture. The debenture has a term of nine months and bears interest at a rate of 5% per annum payable at maturity and at the option of the holder the purchase amount of the debenture (excluding the original issue discount of 20%) is convertible into 5,000,000 common shares of the Company at US$0.40 per share in accordance with the terms and conditions set out in the debenture. The Company issued to an arm’s length lender a US$143,750 principal amount (including an original issue discount of 15%) convertible debenture, along with warrants exercisable for up to 260,416 common shares of the Company at a price of US$0.48 per share until the date that is four months and one day from the date of issuance.
GlobeNewswire•2 months agoPetroteq Energy 2018 Year-End Review
As we begin to close out 2018, and 2019 fast approaches, I’d like to take this opportunity to reflect on Petroteq’s progress in 2018 and provide insight into our near-term strategy and goals for the Company. Developed specifically for our patented, environmentally friendly clean oil recovery technology and production process, our Vernal, Utah facility was successfully relocated, reconstructed and restarted earlier this year. Furthermore, upon receipt of the necessary capital, the Company intends to expand the Vernal facility beyond the current capacity of 1,000 bpd. Petroteq’s board recently brought the matter of a 1 for 10 consolidation of the Company’s common shares to a shareholder vote, a necessary corporate action for Petroteq in order to reach a minimum share price requirement for listing on the NASDAQ Capital Market.
- GlobeNewswire•2 months ago
Petroteq Energy Provides Corporate Update
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. SHERMAN OAKS,.
- GlobeNewswire•3 months ago
Petroteq Energy Announces Subscriptions for Shares
FSE: PQCF), a fully integrated oil and gas company, announces it has received an additional irrevocable subscription towards its previously announced private placement of up to US$3 million. The new subscription agreement is for 1,111,111 common shares at US$0.54 and warrants exercisable at US$1.50 for 1,111,111 common shares for gross proceeds to the Company of US$600,000. To date, the Company has received irrevocable subscriptions for 3,224,378 common shares at prices ranging from US$0.54 to US$0.85 and warrants exercisable at US$1.50 for 2,873,550 common shares for gross proceeds to the Company of US$1,925,000.
- Newsfile•3 months ago
Petroteq Delivers Oil to the Market
Sherman Oaks, California--(Newsfile Corp. - November 14, 2018) - Petroteq Energy Inc. (TSXV: PQE) (OTC: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a fully integrated oil and gas company, is pleased to announce that it has begun delivering oil into its regional market.Petroteq Delivers Oil to the MarketTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/5581/41056_d9bf850264fc7a5f_001full.jpg"Our first sale of our product this week represents a critical milestone in Petroteq's evolving history," stated ...
- Newsfile•3 months ago
Petroteq Energy Receives Air Quality Exemption at Asphalt Ridge to Begin Oil Sales
Sherman Oaks, California--(Newsfile Corp. - November 6, 2018) - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) (the "Company") a fully integrated oil and gas company, is pleased to announce that it has received a Small Source Exemption from the Utah Department of Environmental Quality, Division of Air Quality for its Vernal, Utah facility. Figure 1: Petroteq EnergyTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/5581/40899_7d6d0349c4264843_001full.jpgThe receipt of the ...
- Newsfile•5 months ago
Petroteq Energy to Present at the MicroCap Conference in New York City October 1-2, 2018
Sherman Oaks, California--(Newsfile Corp. - September 28, 2018) - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a fully integrated oil and gas company, today announced that management is scheduled to present at The MicroCap Conference in New York City. The conference is being held on October 1-2, 2018 at the JW Marriott Essex House.Event: The MicroCap Conference Date: Monday, October 1, 2018 Time: 9:00 am ETLocation: Track 4 at JW ...
- Newsfile•5 months ago
Petroteq Reaches Commercial Production Milestone and Publishes Statement From the CEO
Sherman Oaks, California--(Newsfile Corp. - September 27, 2018) - Petroteq Energy Inc. (TSXV:PQ) (OTC Pink :PQEFF) (FSE:PQCF) ("Petroteq" or the "Company"), a fully integrated oil and gas company, is pleased to announce that it has initiated commercial production at its Vernal, Utah facility and publishes the following statement from its CEO, Mr. David Sealock:Figure 1: PetroteqCannot view this image? Please visit [http://orders.newsfilecorp.com/files/5581/38948_a1538051917743_53.jpg] to view this imageIn my career I have participated in and ...
