I have been around for a long ass time, lol. A decent size shareholder now since 2009, and watched it since 2004. I will tell you that I am a much larger shareholder today then I was then, and I believe QSEP is going to be a huge winner. Imo it's a multiple dollar stock here easily if AOT data is good and that data is shared with the many potential interested customers they have.
Everything they have been working towards now, trying to get a pilot for AOT in order to get verified data on a commercial pipeline is in the process of coming to fruition.
They have recently entered into an agreement with a major fortune 500 oil company (a member of the PRCI (Pipeline Research Council Int'l which means they are massive); where QSEP will retain ownership of the all the real time data that AOT generates. This partner company has agreed to make it a demonstration site as well so all of QSEP's other potential oil company customers can view the AOT and it's real time data in person. Many oil companies have said they will be coming to see AOT in person. Will Saudi Aramco come see it? I think they will.
Also, the company has stated at their most recent shareholder meeting they have 20-30 large oil companies who are ready and willing to move into sales on AOT if the commercial real time data is good. Most importantly, QSEP owns the data, and plans to release it publicly in a form with will not give away any sensitive date regarding their AOT pilot partner (the oil company).
Additionally, this fortune 500 US based oil company partner that QSEP will do the pilot with is not just doing this for fun. They have a real time problem they believe AOT can help them with and have already expressed a desire to outfit the rest of the pipeline (2 additional units) if they data has good results for them. They also have additional large pipelines in other areas of the continent.
This a sweet deal for QSEP, as this pipeline runs South american crude oil which is thick as hell, and we know that AOT has shown the best results on heavier crudes. The whole set up is a sweet slow pitch that QSEP can hit a grand slam on without blinking.
They (QSEP) now has TransCanada's lead engineer from the AOT test with TC who has made even further improvements on the AOT (mentioned at the SHM).
To top it off there has been recent MASSIVE insider buying.
In addition, Between myself and 2 other groups I would say we have 60% of the float locked up between us. There is about 200M share float. So we have about 130M of that locked up, if not more not including the large holders that have sold out over the years and not bought back in. The float has changed hands many times over the years, and imo the vast majority of impatient shareholders were gone long ago. All the recent note holders are strong hands, and myself and a few others are the ones who own those notes and we are holding tight for a buy out of the company which we believe will happen in the next 3 years somewhere between $6.00 - $8.00. No joke. It;s easy to see how this will be sold if it is commercially adopted.
Now, if this isn't the sweeteest set up of all time I don't know what is. And, if QSEP gets good data anyone who sells under $3.00 is a fool imo.
Together, if we all work as a team we can lock up this float up and make this thing fly to new heights. And that is what myself and other large strong shareholders are doing. We have funded the company and are soaking up shares in the market every time it dips so when/if there is any good news she will fly. But everyone has to make up their own mind if they want to own QSEP. This is my opinion and I'm not telling anyone to go buy it. But myself, along with industry professionals believe QSEP can be a very successful investment.
Imo every share that gets bought up is locking the float up more and more.
I'll leave you with this: Shannon Rasmussen, the engineer for TransCanada that headed up the AOT test with TC said at the most recent QSEP shareholder meeting that he sees AOT as "one of the 3 main solutions" the oil industry will employ to combat bottlenecks and viscosity issues. Diluent being another solution obviously. Not a small market.
Good luck.
