Bullboard - Stock Discussion Forum Questor Technology Inc V.QST

Alternate Symbol(s): QUTIF

Questor Technology Inc. is a Canada-based environmental emissions reduction technology company. The Company is focused on clean air technologies that improve air quality, support energy efficiency and greenhouse gas emission reductions. The Company designs, manufactures and services high efficiency clean combustion systems that destroy harmful pollutants, including Methane, Hydrogen Sulfide gas... see more

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Questor Technology Inc > Weekly Rig Count

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Post by savyinvestor333 on Nov 13, 2020 2:11pm

Weekly Rig Count

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 236—the eighth week of oil rig additions.

The total number of active oil and gas rigs increased for the week by 12, with oil rigs rising by 10 and gas rigs rising by 2.

Canada’s overall rig count rose by 3 this week. Oil and gas rigs in Canada are now at 89 active rigs, and down 45 year on year.

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Comment by AlexDonovan on Nov 13, 2020 4:37pm

I've been following these numbers for a few months, and if I recall correctly, these are the biggest increases since the pandemic took off.

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Comment by Moogul on Nov 14, 2020 12:39pm

The SP still got way over its skis imo. We are still 12 months away from any meaningful recovery in US shale. Everyone is going to be more hesitant to spend significant capital while they try to pay the bank back. Weve got some ugly quarters still on tap. Hang in and Glta

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