Is A Bidding War About To Begin For This Remarkable Oil Tech?

A micro-cap company making high-tech waves by unlocking expensive American oil sands for bottom-of-the-barrel prices is now the subject of a hostile takeover that’s sending share prices soaring. Shares of Petroteq Energy Inc (OTCMKTS: PQEFF) saw $6.6 million in trading volume on Tuesday alone after news of a $500-million takeover offer from Viston United Swiss AG. Investors are now swarming over this one as Viston United Swiss AG’s offer of C$0.74 per share represents a 279% premium over Petroteq’s most recent closing price on…