Acceleware will revolutionize heavy oil production
Updated
This company is revolutionizing bitumen extraction in Alberta Canada. Who ever worked in the oil patches knows that if Acceleware can make their RF project commercially work that the common SAGD extraction will be obsolete. This means oil will be extracted from the ground WITHOUT water and chemicals. Hence reduces lifting costs by 50%. It is like oil goes green!
I bought their shares at 5.5 cents but I think it can make the huge break through. There are 3 major player involved beside the Alberta Government, Conoco Phillips and Cenovus Energy.
SAGD has two pipes going into the ground, one on top to inject steam and the bottom one to release the liquified oil. There are a lot of chemical involved. Steam generation, Water treatment, water usage, tailing ponds, upgrading of the bitumen. Hence Steam Assisted Gravity Drain, SAGD. All of this will disappear with Radio Frequency. Acceleware will provide a technique that can use the same piping system and heat the bitumen underground with radio frequencies, like micro waves. It uses electricity and a huge transmitter.
The commercial construction site is ready to go next month in Marwayne, Alberta. I ecpect the stock to go up on the news.
The heating will take 6 months. We should see oil coming out of the ground in spring next year. I expect the stock to go up.
They will sell their commercial project and integrate it into SAGD for lot of money. The share price will go up.
My price target is 3.50 CAD
I bought their shares at 5.5 cents but I think it can make the huge break through. There are 3 major player involved beside the Alberta Government, Conoco Phillips and Cenovus Energy.
SAGD has two pipes going into the ground, one on top to inject steam and the bottom one to release the liquified oil. There are a lot of chemical involved. Steam generation, Water treatment, water usage, tailing ponds, upgrading of the bitumen. Hence Steam Assisted Gravity Drain, SAGD. All of this will disappear with Radio Frequency. Acceleware will provide a technique that can use the same piping system and heat the bitumen underground with radio frequencies, like micro waves. It uses electricity and a huge transmitter.
The commercial construction site is ready to go next month in Marwayne, Alberta. I ecpect the stock to go up on the news.
The heating will take 6 months. We should see oil coming out of the ground in spring next year. I expect the stock to go up.
They will sell their commercial project and integrate it into SAGD for lot of money. The share price will go up.
My price target is 3.50 CAD
Note
Please do your own research. I am NOT affiliated with Acceleware nor am I a financial adviser. Do your own research. Dont buy it or sell it.Note
I hope everybody made great profits last week when Acceleware went up by 100%, I certainly did! Acceleware is not much effected by the stock market since it is a project finances by 3 huge oil companies and the Alberta government. The drilling in the commercial site has started and going well.
Why people do not see it? Well, for the most part it is because people are financially lazy and illiterate. It is just too much work to sort it all out and then how do you read a company? People mostly do not understand what business a company is in. Like McDonald, ppl think they sell burgers but no, they are in the real estate business. It seems much easier to follow the hype of the gurus. Thats why you will always lose, bro.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.