Globe says investors still hope Questerre can deliver2017-02-07 08:08 ET - In the News The Globe and Mail reports in its Tuesday edition that some investors and analysts believe that Questerre Energy could see more upside as energy prices recover. In a Globe special, Brenda Bouw writes that Questerre has oil and gas assets in Quebec's St. Lawrence Lowlands, covering the resource formation known as the Utica, as well as in Alberta, Saskatchewan, Utah and Jordan. "We believe the current share price does not reflect the upside potential in Quebec," as well as Questerre's "liquid-rich Montney shale acreage" in Alberta, said Tom Erik Kristiansen, an analyst at Pareto Securities in Oslo, Norway, in an e-mail. Mr. Kristiansen has a "buy" rating on the stock and $1.42 price target. Angelos Damaskos has held Questerre shares in his MFM Junior Oils Trust Fund for about six years and intends to keep holding. "We haven't sold a single share in the last rally ... because we think the development of this deposit in Quebec is absolutely vast," said Mr. Damaskos, who runs British-based Sector Investment Managers. Investors will be watching to see how Questerre's partner and operator of the project, Repsol, plans to proceed with the development. Canaccord, however, has a "sell" on the stock. https://t.co/Oq1W1x3FPv