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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Questerre Energy (QEC-T) is a small oil and gas company with a market cap of $94.27M. The company had a relatively flat year in 2023 with some volatility. Revenues and net income margins experienced negative growth in Q3. However, the balance sheet looks strong with minimal debt and a net cash balance of $34.8M. The quarterly cash from operations is positive, and the price-to-book valuation appears decent at 0.6x. Despite this, the trailing price-to-sales and price-to-earnings ratios are considered expensive. Experts view QEC as risky due to its size, with limited and volatile upside tied to the underlying value of commodities. The lack of company-specific news and press releases since early November raises some concerns.

Consensus
Risky
Valuation
Fair Value
RISKY
Questerre Energy
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

QEC is a very small oil and gas company with market cap at $94.27M. QEC had a flat year in terms of price in 2023 but did display some volatility. Both revenues and net income margins had negative growth in Q3. The balance sheet looks good with essentially no debt and a net cash balance of $34.8M. Quarterly cash from operations is a small positive and has not dipslayed too much volatility over time. Price-to-book valuation looks decent at 0.6x but trailing price-to-sales and price-to-earnings are expensive. We think QEC is risky due to its size, while upside will be limited and volatile to the underlying value of the commodities the business is tied to. There was no company-specific news to account for the move on Friday, and in fact QEC has not issued a press release since early November. 
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oil / gas
DON'T BUY
Questerre Energy
Has been an unfortunate story. Was a leading player in shale gas in Quebec a number of years. The government came out against it. Has some western Canadian production that has cash flow. Balance sheet is relatively clean. Started talking about carbon capture and storage. There is some insider buying recently.
oil / gas
WATCH
Questerre Energy

Quebec is moving forward. They are having fabulous wells. They have higher net backs because of the lack of need for transportation. On a little bit of weakness the stock is one to keep an eye on.

oil / gas
COMMENT
Questerre Energy

The Québec government has finally put the ability for the “go forward” strategy on the Utica Shale to happen. Their partner is Repsol. The wells coming out of the Utica in the US are fabulous. He likes the company and their team. His problem is that if the government gives the green light to go ahead as fast as they can, does this company have the wherewithal to fund it. If it backs off below $0.60, you are just paying for Western Canada and you get Québec for free again.

oil / gas
COMMENT
Questerre Energy

They had a really, really big discovery in Québec shale, and the potential was quite impressive. Then the province stepped in with a moratorium to limit exploration, so the stock got crushed. Recently, the government changed their mind. It is now much more interesting than it was before. A longer-term play.

oil / gas
DON'T BUY
Questerre Energy

These things are really stuck. It is the Energy East Pipeline. Quebec and New Brunswick have put a ban on drilling. There are a lot of other things we can do now in terms of energy investing.

oil / gas
SELL
Questerre Energy

(Market Call Minute.) Doesn’t see any reason why you need to hold a gas producer.

oil / gas
HOLD
Questerre Energy

Has a couple of knocks. One is the regulatory environment on shale in Québec, which doesn’t look overly promising. Partnership with Talisman (TLM-T) increases its stake in its odds. Doesn’t see any visibility for gas prices moving higher.

oil / gas
BUY ON WEAKNESS
Questerre Energy
Producing 600-700 barrels per day. Technology deal done with a US company. Pilot project in Wyoming. If it works they can bring it up to Canada and grow it. Good balance sheet, no debt, and lots of cash. $0.60 great entry level
oil / gas
BUY ON WEAKNESS
Questerre Energy
(Market Call Minute.) Cheap. His target is $1.20. Would buy under $.60.
oil / gas
COMMENT
Questerre Energy
Shale gas Montreal-Quebec City corridor. Very good partner in Talisman (TLM-T), who is also the operator. They know procedures that have to be done but farmers are nervous and water tables are important so there has to be education at the local level and they've done a very good job. Market doesn't know when they are going to get a window go-ahead.
oil / gas
HOLD
Questerre Energy
Play on shale gas in Quebec. It has been 2 years on not knowing what is going to happen. Trading around its worth of $1, which is its cash and Alberta properties, so basically Quebec is free. If you feel Quebec will happen, it's a $1.50-$2 stock. Pretty much dead money.
oil / gas
BUY ON WEAKNESS
Questerre Energy
Waiting to see how the environmental rules will be resolved and the land tenure access. Won’t be any activity for the next quarter or two. There is an economic advantage to go ahead with this. We know there is gas there and that Talisman (TLM-T), the operator, is supportive of the project. Stock is cheap but it may drift for the next couple of months. Potentially worth $2 to $3 in 2012.
oil / gas
HOLD
Questerre Energy
If you are a believer in a rebound in natural gas, this is one to look at. In a play with Talisman (TLM-T). He is not constructive on natural gas himself.
oil / gas
HOLD
Questerre Energy
Gas weighted. Good name but thinks ultimately development is going to be slow.
oil / gas
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Questerre Energy(QEC-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Questerre Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Questerre Energy(QEC-T) Frequently Asked Questions

What is Questerre Energy stock symbol?

Questerre Energy is a Canadian stock, trading under the symbol QEC-T on the Toronto Stock Exchange (QEC-CT). It is usually referred to as TSX:QEC or QEC-T

Is Questerre Energy a buy or a sell?

In the last year, 1 stock analyst published opinions about QEC-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Questerre Energy.

Is Questerre Energy a good investment or a top pick?

Questerre Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Questerre Energy.

Why is Questerre Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Questerre Energy worth watching?

1 stock analyst on Stockchase covered Questerre Energy In the last year. It is a trending stock that is worth watching.

What is Questerre Energy stock price?

On 2024-03-18, Questerre Energy (QEC-T) stock closed at a price of $0.25.