Connacher Oil & Gas Ltd CLLZF

QST, 0.45. $8 m contract from SINOPEC.

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QST: S/O: 25 m while insiders' holdings: 35%. Its past 9 months revenues: $2,559,561 Net Earnings: $495,414 Earning per share: $0.02. Recently, QST has received a $8 million contract from SINOPEC, the Biggest Oil and Energy company in China. Based on the SINOPEC contract ($8 million) plus some other contracts, this coming year's revenues may exceed $10 million. With gross earning margins: 20%, its Earnings may come to around $2 million, EPS: around $0.08. At the current price levels, its market capitalizations are just around $12 million. Revenues $10 m while Market Cap. $12 m, it's Unbelievable too Low! The conclusion: QST is definitely undervalued!