Petroteq Energy Inc (PQEFF)

[Tkrtape]

Still no announcement of addition of Vivakor plant. MCW had to shut down production this past Spring when oil was around $40. Not a good selling point when they say they can be profitable at $30 and below.
Looking for a small pop when additional capacity is announced. Then I'm out. Its just bad timing for these guys. They'll never get the bank financing for 2500 bpd plant at this point. The bank they are working with is too conservative, and it could take a year or more before the bank feels that oil has stabilized.
Hopefully they are aggressively looking for other sources of funding.
EXECUTION IS A BITCH.