This small cap green oil play has multiple catalysts in the hot market space (EOG, PQEFF, DVN, PDCE, XOM, PTEN, MTDR, XLE)

With Germany yesterday signaling its support for a phased EU ban on Russian oil, the stage is set for another supply-led rally in the price of oil and gas around the world.

Looking further ahead, the oil market backdrop continues to be defined by the prospect of shortages even without the war in Ukraine, as we reap the consequences of chronic underinvestment in new carbon-based power generation capacity. fossil fuels. As ESG policies and environmental concerns increase, this problem will only get worse in the years to come.

The result could be the steady rise in value of energy producers despite their poor reputation with green investors. It goes back, as always, to Econ 101: supply and demand set the price.

This sheds light on stocks like EOG Resources Inc. (NYSE:EOG), Devon Energy Corp. (NYSE:DVN), PDC Energy Inc. (Nasdaq:PDCE), Exxon Mobil Corp. (NYSE:XOM), Patterson-UTI Energy Inc. (Nasdaq: PTEN), Matador Resources Co. (NYSE: MTDR) and Energy Select Sector SPDR ETF (NYSEArca: XLE).

But there is a smaller-cap name in the space that strikes an interesting balance, offering a vision of oil production through sustainable and environmentally safe technology for heavy oil extraction and recovery. and bitumen from oil sands and recoverable oil fields: Petroteq Energy Inc. (OTC US: PQEFF).

According to its materials, the company is focused on the development, implementation and licensing of a patented and versatile technology that can be applied to both wet fields and wet fields, producing high quality oil. and clean sand. .‎

PQEFF is particularly interesting at the moment as it has become a candidate for acquisition through an all-cash tender offer from Viston Swiss United AG.

Given the backdrop of the energy market, it shouldn’t be surprising to see well-pocketed institutional money interested in buying it in blocks, stocks and barrels while it’s still of a small cap.

The company recently released an update on the takeover process, noting that PQEFF’s board of directors “believes that the immediate cash value offered to shareholders under Viston’s offer is more favorable to shareholders. shareholders than the potential value that might otherwise reasonably result from other alternatives”. available to ‎Petroteq. Petroteq’s board of directors unanimously recommended acceptance of Viston’s offer on January 4, 2022 and voted unanimously on January 26, 2022 to also tender its shares.

In other words, it’s a viable solid offer. While the stock is still flying under the radar, investors have the opportunity to step up to this acquisition and potentially make some quick cash in the process. It’s a rare setup.

But even if the offer falls through the cracks, the company still positions itself as one of the potentially most interesting names in the hottest sector of the market. Energy stocks are up more than 32% so far in 2022. Utilities and consumer staples are each up just under 2%. And all other sectors are down for the year.

So it’s not even close.

But there should be a premium for companies that can unlock the added value of environmentally friendly power generation.

As stated in the company’s latest press release, “Petroteq has developed proprietary technology to extract oil from its reserves in Utah, and has demonstrated in pilot projects the viability of its patented process to produce at an attractive economic level, comparable to the conventional oil tank”. production and deliver a high quality product. The Company’s facility was designed to operate at 500 barrels per day and the Company designed the next-generation 5,000-barrel oil sands plant. All technical aspects of the proposed 5,000 barrel plant have been confirmed by an independent third party to be commercially viable and technically sufficient to achieve the desired plant performance within a budget. Petroteq management believes this design is unique to Petroteq’s patented process for extracting oil from sands in an environmentally friendly way, and can be considered a true green energy technology.

CEO and CTO of Petroteq Energy Inc. (OTC US: PQEFF), Vladimir Podlipsky, PhD, said, “Our management team is delighted that Petroteq has unlocked an economically feasible and environmentally responsible process, which, I think, positions our company to help solve the global energy crisis. Our intentions are to continue to move towards future expansion and revenue growth, independent of Viston United Swiss AG’s pending tender offer. Petroteq management continues to manage Petroteq’s business, while striving to maximize shareholder value.

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