Questor Technology Inc V.QST

Turning the corner

[Angles]

Inorder to turn the corner and get back in the game ... this is where QST need to show sizeable improvement. 

Equipment rentals.

I believe this Q4 report will be the start of what I am looking to see.

Good luck to all.

Angles

[Moogul]

I think the odds of a q4 2021 uptick in the rental fleet are Just about nill. The sector has only recently seen an uptick in activity with many companies reluctant to increase capex in the North American market. Maybe we get some nice fluff about better rental acitivity on the horizon though. And the balance sheet is great so as long as it happens I think there's a ton of upside. 

[Moogul]

Even today the rig count is still down ~15% from pre pandemic levels. 

[Moogul]

Albeit heading in the right direction 

[laurencelefou]

2022-03-16.  Extract from DIVERGENT Energy Services' (DVG) press release for the 2021 Year End Results. While drilling rig counts are recovering in Wyoming, they remain roughly sixty percent lower than pre-COVID rig counts.  Our customer base in Wyoming that relies on electrical submersible pumps (ESP)  to produce their wells have not yet begun to significantly

[laurencelefou]

Labor shortage remains a major challenge for oil and gas industry.   Since the beginning of Covid-19, thousands of rig workers have been laid off and others have retired.  Those who have been laid off have found jobs in other industries and are not likely to return to rig work.  https://realeconomy.rsmus.com/labor-shortage-remains-a-major-challenge-for-oil-and-gas-spring-2022

[laurencelefou]

Extract from Precision Drilling February 10th fourth quarter news release: In the U.S., Precision Drilling has 52 rigs active today, a 58% increase from this time last year and up 18% from the end of the third quarter. Customer inquiries and bid activity point to increasing activity in both the U.S. and Canada, reflecting higher commodity prices. In Canada, we have 66 rigs active today and