PQE.V - Petroteq Energy Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 0.0400 |
| Open | 0.0350 |
| Bid | 0.0350 x 0 |
| Ask | 0.0400 x 0 |
| Day's Range | 0.0350 - 0.0400 |
| 52 Week Range | 0.0300 - 0.4000 |
| Volume | 10,610 |
| Avg. Volume | 173,240 |
| Market Cap | 8.09M |
| Beta (5Y Monthly) | 1.59 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0690 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Simply Wall St.
Should You Be Concerned About Petroteq Energy Inc.'s (CVE:PQE) Historical Volatility?
Anyone researching Petroteq Energy Inc. (CVE:PQE) might want to consider the historical volatility of the share price...
- GlobeNewswire
Petroteq to Postpone Filing of 2020 Q2 Financials and MD&A
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces that it will not be in a position to file its Quarterly Report on Form 10-Q for the three and six months ended February 29, 2020 (the “Quarterly Report”), which includes the Company’s interim financial statements for the three and six months ended February 29, 2020 and the related management’s discussion and analysis, as required by U.S. and Canadian securities laws, by its filing deadline of April 14, 2020. The blanket orders provide for a 45 day extension for certain periodic filings, including the Quarterly Report.
- GlobeNewswire
PETROTEQ ANNOUNCES ISSUANCE OF SECURITIES
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces that it has issued to an arm’s length lender a US$417,000 principal amount (including a 20% original issue discount) secured convertible debenture, and warrants exercisable for up to 4,906,250 common shares of the Company at US$0.15 per share for 48 months. The purchase price (US$392,500) for the securities, less fees and expenses, was advanced by the subscriber to Petroteq between December 13, 2019, and February 14, 2020. At the option of the holder the principal amount of the debenture is convertible into 4,906,250 common shares of the Company at US$0.08 per share, and at the option of the Company is convertible at US$0.08 per share in the event the closing price of the common shares on the TSXV is above US$0.40 for twenty (20) consecutive trading days, with average daily volume greater than 1,000,000 common shares over such twenty (20) day period.
- GlobeNewswire
PETROTEQ DOWNSCALES PRODUCTION CITING MARKET CONDITIONS
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces it is reducing production staffing to a single shift daily because of market conditions. The Company has chosen to cut hours at the plant to reduce costs in a tumultuous market. Because of the effects of the recent decline in oil pricing, the Company is no longer operating (in terms of the cost to produce and sell oil, excluding G&A) on a breakeven basis.
- GlobeNewswire
PETROTEQ ANNOUNCES PROGRESS ON NEW TECHNOLOGY LICENSES, AND CHANGES TO MANAGEMENT AND BOARD OF DIRECTORS
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce progress on the licensing of its proprietary oil-sands extraction technology. On July 2, 2019, the Company announced that it had entered into a non-exclusive technology licensing agreement with Valkor LLC (“Valkor”), a company based in Katy, Texas. The Agreement grants to Valkor the right to use Petroteq’s proprietary patented technology to engineer, construct, operate and finance oil sands extraction plants (individually, a “Plant”) to transform highly oil saturated feed ore recovered from mining operations to heavy crude.
- GlobeNewswire
Petroteq Reaches New Production Milestone of 300 bbls/day and is Now Operating on a Break Even Basis at Its Asphalt Ridge Plant
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce that after a scheduled temporary maintenance shutdown in January 2020, during which various process improvements and adjustments were completed, it re-commenced production at its Asphalt Ridge facility located in Vernal, Utah (the “Plant”) and since re-commencement on February 19, 2020 has produced approximately 1,900 barrels of oil thus achieving an average daily production rate of over 300 bbls/day on a continuous basis. The technology at the Plant is flexible enough that it can produce a wide range of different characteristics of oils, which enables the Company to cater to the specific needs of its customers.
- GlobeNewswire
Petroteq Announces Closing of Financing
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), a fully integrated clean technology company with proprietary technology for soil remediation and oil extraction, announces that it has issued to an arm’s length lender a US$55,000 principal amount (including a 10% original issue discount) unsecured convertible debenture, and warrants exercisable for up to 357,142 common shares of the Company at US$0.14 per share for 12 months. At the option of the holder the principal amount of the debenture is convertible into 357,142 common shares of the Company at US$0.14 per share. The net proceeds of the above financing will be used by the Company on its extraction technology in Asphalt Ridge, Utah, and for working capital.
- GlobeNewswire
Petroteq Announces Closing of Financing, Production Increases at the Existing Facility to Reach Profitability and Expansion Plans for New 3,000 Barrel Facility
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), a fully integrated clean technology company with proprietary technology for soil remediation and oil extraction, announces that it has issued to an arm’s length lender a US$750,000 principal amount (including a 20% original issue discount) unsecured convertible debenture, and warrants exercisable for up to 3,676,470 common shares of the Company at US$0.17 per share for 48 months. At the option of the holder the principal amount of the debenture is convertible into 3,676,470 common shares of the Company at US$0.17 per share, and at the option of the Company is convertible at US$0.17 per share in the event the closing price of the common shares on the TSXV is above US$0.40 for twenty (20) consecutive trading days, with average daily volume greater than 1,000,000 common shares over such twenty (20) day period.
- GlobeNewswire
Petroteq Announces Results of AGM and Expands Board of Directors
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an oil sands mining and production company having a proprietary technology that extracts hydrocarbons from oil sands without the use of water, is pleased to announce that its shareholders (the “Shareholders”) have voted at the annual and special meeting of Shareholders (the “Meeting”) in favor of all matters put to Shareholders at the Meeting. All annual matters that were put before Shareholders at the Meeting were approved, including the election of Ms. Anya Goldin as a new director, a potential share consolidation and the adoption of an advance notice by-law (the “Advance Notice By-law”) regarding director elections.
- GlobeNewswire
Petroteq Announces Update on Oil Production and Oil Quality Baseline
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), is a fully integrated oil company focused on the development and implementation of its new proprietary technology for oil extraction with producing assets at Asphalt Ridge near Vernal Utah, is pleased to announce that since last reported it has increased its daily average oil production and made changes to its facilities oil quality baseline. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies.
- GlobeNewswire
Petroteq Announces Completion of Automation, Strategic Account Payment Structure With Valkor Oil and Gas and Appoints New Advisory Board Member
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an oil sands mining and production company having a proprietary technology that extracts hydrocarbons from oil sands without the use of water, is pleased to announce the completion of facility automation, a strategic account payment structure with Valkor Oil and Gas (“Valkor”) and the addition of Dr. Mark Rollins to its advisory board. The Company has completed the automation of the front end processes for sand separation, oil quality control and centrifugal agitation. The Company believes that with the engineering and technical assistance from Valkor and Alfa Laval, its production of crude oil and potential reduction in operating, maintenance and labor costs will now be achieved.
- GlobeNewswire
Petroteq Reports Planned Automation Completion Date
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), an oil sands mining and production company, is pleased to announce that the Company will complete the automation of certain processes at its Asphalt Ridge processing facility in Utah (the “Plant”) on or about November 20th, 2019. The Company’s automation of the front end processes at the Plant, consisting primarily of the sand separation process, oil quality process and centrifugal process, is being implemented with engineering and technical assistance from Valkor Engineering and Alfa Laval and is expected to provide both increased efficiencies in the production of crude oil and a reduction in operating, maintenance and labor costs. Automation of the Plant’s front end processes will substantially reduce manual intervention and allow for a potential increase in production at or near 300 barrels/shift, followed by an increase we intend to accomplish by adding more production time while moving the company forward, toward profitability.
- GlobeNewswire
Petroteq Announces Agreement to Amend Debentures
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, announces that, subject to TSX Venture Exchange (“TSXV”) approval, it intends to amend two 12 month unsecured convertible debentures, originally issued in October 2018, for an aggregate of US$500,000 principal amount bearing interest at a rate of 10% per annum and payable on maturity. Accordingly, the debentures would be convertible into an aggregate of up to 2,941,176 common shares of the Company. The amended and restated debentures will be subject to resale restrictions, including, without limitation, a Canadian four-month hold period. The Company has also issued to an arm’s length lender a US$200,000 principal amount unsecured convertible debenture, and warrants exercisable for up to 555,555 common shares of the Company at US$0.18 per share for 12 months.
- GlobeNewswire
Petroteq Achieves Higher Oil Quality
FSE: PQCF), an oil sands mining and production company having a proprietary technology that extracts hydrocarbons from oil sands without the use of water, is pleased to announce that the Company has achieved sales of high quality heavy oil from its Asphalt Ridge facility in Utah. Three important characteristics in comparing the qualities of different crude oils are specific gravity (API gravity), the amount of base sediment and water (BS&W), and sulfur content.
- GlobeNewswire
Petroteq Demonstrates Stabilized Production
FSE: PQCF), a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, is pleased to announce that the Company has achieved stabilized production rates and sales of heavy oil from its Asphalt Ridge Facility in Utah.
- GlobeNewswire
Petroteq Announces Closing of Financings
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, announces a final closing of its previously announced (September 17, 2019) equity financing at US$0.18. The Company raised gross proceeds of US$500,000 through the issuance of 2,777,777 units at US$0.18 per unit, with each unit consisting of one common share of the Company, and one share purchase warrant, with each warrant entitling the holder thereof to acquire an additional common share at US$0.23 per share for 24 months. The Company has also issued to an arm’s length lender a US$240,000 principal amount (including an original issue discount of 20%) unsecured convertible debenture, and warrants exercisable for up to 1,176,470 common shares of the Company at US$0.20 per share for 15 months.
- GlobeNewswire
Petroteq Announces Recommencement of Production at Asphalt Ridge Facility
FSE: PQCF), a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, is pleased to announce that the Company has recommenced production today from the Asphalt Ridge Facility in Utah. Completing the planned equipment modifications to the sand separation process, fluid extraction process, and the clean sand production process, marks a significant milestone for Petroteq’s proprietary oil extraction solvent technology.
- GlobeNewswire
Petroteq Announces Commissioning of Asphalt Ridge Facility
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, announces that the Company’s field operations and engineering staff have initiated the commissioning processes and sequences for the new equipment as final connections to the new heated augers, and mixer tank material tie-ins to the pre-oil tank on the sand separation equipment have been completed. The Company also announces it has received irrevocable subscriptions for 6,091,336 common shares of the Company at US$0.13 per share for gross proceeds of US$791,874 (including $90,500 from Alex Blyumkin, the Executive Chairman and a director of the Company).
- GlobeNewswire
Petroteq Reports Positive Progress for its Proposed Vernal, Utah Plant 3,000 Barrel Expansion
FSE: PQCF), a fully integrated surface oil sands mining oil company with patented - proprietary clean oil recovery technology (CORT), is pleased to announce that the 30-day comment period for the Company’s 3,000 barrel per day expansion permit has ended and the State of Utah, Department of Oil, Gas, and Mining Division (UDOGM) did not receive any comments on the Company’s Significant Revision Notice of Intent (NOI). The UDOGM has indicated that based on the tentative approval letter issued on July 23, 2019, and since UDOGM received no comments, UDOGM can now formally approve the Company’s proposed expansion NOI, contingent on the final modification to the reclamation contract and an increase to the surety bond currently in place with the UDOGM to meet the requirements of the modified reclamation contract.
- GlobeNewswire
Petroteq Achieves Milestones in Emerging International Opportunities
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce that the Stage 1 laboratory testing with the oil sands samples provided by a separate Asian energy firm using the Company’s CORT on oil sands samples was completed on August 15, 2019. The successful preliminary Stage 1 test results demonstrated that Petroteq’s proprietary technology was able to recover a maximum oil content of approximately 20% saturation, with results approaching greater than 90% yield of heavy oil from the supplied surface minable heavy oil project samples.
- GlobeNewswire
Petroteq Announces Closing of Resource Acquisition
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce the closing of its acquisition of an additional 50% of the operating rights and interests relating to oil sands under U.S. federal oil and gas leases encompassing approximately 8,480 gross acres (4,240 net acres, less royalty) in the State of Utah, as previously announced on April 16, 2019. All shares issued pursuant to the transaction will be subject to a four-month hold period. The Company also announces the issuance to an arm’s length lender of a US$300,000 principal amount (including an original issue discount of 20%) unsecured convertible debenture, and warrants exercisable for up to 1,315,789 common shares of the Company at US$0.24 per share for 15 months.
- GlobeNewswire
Petroteq Announces Effectiveness of Form 10 Registration Statement
Sherman Oaks, CA, July 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated oil and gas company, announced today that its Form 10 Registration Statement as filed with the U.S. Securities and Exchange Commission (the “SEC”) became effective on July 12, 2019. Following the effective date, the Company will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended. This means the Company will begin filing annual reports with the SEC on Form 10-K, quarterly reports on Form 10-Q, periodic reports on Form 8-K and subject itself to additional SEC reporting obligations related to proxies, shareholder actions and stock ownership rules. The Form 10 filing provides investors detailed and audited information about the Company’s operations, including an overview of the business strategies, risk factors and financial statements.
- GlobeNewswire
Petroteq Announces Technology Licensing Agreement
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce that it has entered into a non-exclusive technology licensing agreement with Valkor LLC, a company based in Katy, Texas (www.valkor-offshore.com). The technology licensing agreement (the “Agreement”) grants to Valkor the right to use Petroteq’s proprietary patented technology to engineer, construct, operate and finance oil sands extraction plants (individually, a “Plant”) to transform highly oil saturated feed ore recovered from mining operations to heavy crude.
- GlobeNewswire
Petroteq Invites Shareholders to “Follow the Molecule”
FSE: PQCF), a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction, is pleased to invite shareholders to view “Follow the Molecule”, a seven minute video produced by V6 Media that provides a virtual tour of the Company’s Asphalt Ridge oil sands processing facility while operations are underway. “Follow the Molecule” provides a unique opportunity for shareholders and analysts to view the revolutionary, environmentally friendly process that the Company has implemented to exploit its total gross contingent resource of in excess of 130 million barrels of surface oil sands heavy oil in place, based on the Chapman Petroleum Engineering, Ltd. resource reports for Asphalt Ridge and PR Springs and Tar Sands Triangle, dated August 8, 2018 and December 31, 2018, respectively.
