Yes if CNQ has a tech/patent/IP advantage with some graphene oxide filter membrane it is straight to multi national company status BUT I would imagine there is a LOT of competition in that space. Just have to wait & see.
So pleased they spun this off, have looked at it for years but didn't wait the high capex mining that was part of it. Though I had missed the train when it spiked to way over $1+ but pleased to have got a foot in the door on the pull back under 70c
With plenty of cash in the bank & IMO low EV for the tech they have, I will just hold & see what happens.
Unfortunately another of my 'amazing' water investments, FLC is/has been a long painful experience but hanging in there as well. Water stocks seem to have lost their mojo but I have a feeling they will get it back soon enough. .
CNQ Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
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