Just curious if anyone has information on a company called Genoil gnolf or gnolf.ob depending on where you do your research. The company sounded good a few months ago and now has just kinda of dropped off.
Thanks for the help
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anyone have information on Genoil?
Just curious if anyone has information on a company called Genoil gnolf or gnolf.ob depending on where you do your research. The company sounded good a few months ago and now has just kinda of dropped off.
Thanks for the help
About this time last year I began investing small amounts (100+ shares) in $1 oil & gas stocks like FidelityFDEI, FalconFNGC, MaverickMVOG, Delta
DOIG because I had put $10,000 in CheniereLNG just after Pres.election
at $25 when it had been $5 back in Nov 03. Altho LNG went on to $75, the
others have gone flat 2nd half of the year. Why? Well, I read an analysis
in fall of 2004 that said a lot of the small cap mom&pop oil & gas stocks
would go flat within 12 months after investors realized the value was in
Oil & Gas stocks who had a future, ie, they had large reserves as in its
money in the bank, that speculation would cause them to peak early in 05
Well this is what happened. Only companies that have large market share will continue to grow in share value, so methinks a small co. like Genoil
will also go flat, while Cheasapeake Oil & Gas CHK will succeed because
they have 1/3 of US natural gas reserves well inland from gulf storms.
Also, CHK is psychologically rewarding as in "the check is in the mail"
Cheniere Energy changed its name to LNG just before Allen Greenspan
announced a crisis in natural gas early fall 04 with statement that LNG
Liquified Nat.Gas would be a significant contribution to our nat.gas needs.
Point is, anyone Googles LNG, they get, guess what? Cheniere energy.
Again, the point here is that we are dealing with the whims of public $$
Perceptions can make a difference in values. Like once I bought an old
weatherworn clapboard siding house on the Calif. coast for 160K knowing
it had redwood plywood siding. By simply spray coating the exterior with
logwood oil at $20/5gal can, I transformed the clapboard look into a very
bright reddish-brown sheen and sold the home for over $225K right away
Perceptions rule US- When everyone realizes we are "living on borrowed
time" because all our fertilizer for foodstuffs comes from Natural Gas, we
will see NG take off like no other commodity- Why? You can't EAT Gold.
Genoil (TSX VENTURE: GNO)(OTCBB: GNOLF)- Genoil Inc . ("Genoil" or the "Corporation") announced today that it has installed a second Crystal Sea Separator on board a 2,000,000 barrel Middle East based tanker. In recent sea trials the Crystal Sea Separator has essentially no operational cost due to the fact that filters were not required to meet regulations.
This new five cubic meter model can easily meet the requirements of a two million barrel tanker, while exceeding International Maritime Organizations Resolution (MARPOL MEPC 107) overboard discharge guidelines for pollution prevention of 15 parts per million. The Crystal Separator exceeds Coast Guard and ABS standards for pollution prevention as well. Genoil has achieved 2.5 parts per million in recent trials. Competitors' filters can cost $4000.00 and must be changed regularly. Genoil has eliminated these expensive filter requirements.
