Micromem Technologies Inc. (MMTIF)

[seek the light]

We all know and can agree that the Oil and gas industry is in a state of turmoil because of the Covi19 shutdowns in much of the world plus the little fuss between Saudi Arabia and Russia over the quotas for oil production, This has lead to quite dramatic cutbacks by most of the Oil companies on Capital spending plans for this year. So that has rebounded into the MMTIF shares market with light selling. and the shares have pulled back to the previous .04 cents/share breakout which should now be a pretty good support zone.

The most overriding question now is what does all this mean for MMTIF share price going forward. Glad you ask because here is what think all this mess in the oil market means. The most sensible action for the big oil companies to take going forward are as follows:

1] Get as efficient as possible and that means speeding up the adoption of the cloud based high technology products to reduce downtime and solve E and P problems faster and cut labor and lab costs.
2] Find ways to get more oil out of each well by using the Aroma technology to solve bottlenecks and problems. This is much less expensive than drilling wells.

And the above means that the current problems may indeed be a catalyst to bring more big oil companies to MMTIF as customers for the Aroma products. All JMO!!!!