Questor Technology Inc V.QST

Will Questor's share bounce back???

[laurencelefou]

This morning, Ensign Energy Services (ESI) reported Canadian drilling recorded 3,728 operating days in the first quarter of 2022, compared to 1,846 operating days in the first quarter of 2021, an increase of 1,882 drilling days. Canadian well servicing recorded 11,260 operating hours in the first quarter of 2022, a 24 percent increase from 9,090 operating hours in the first quarter of 2021.

United States drilling recorded 3,688 operating days in the first quarter of 2022, a 43 percent increase from 2,581 operating days in the first quarter of 2021. United States well servicing recorded 29,689 operating hours in the first quarter of 2022, a one percent decrease from 29,965 operating hours in the first quarter of 2021.
 
Investors are hoping that Questor's rental business has also picked up in the first quarter.  Last year, the first Quarter Financial Statements were posted on May 17.

Since the beginning of the year, Ensign's share price has more than double ($1.81 - $4.20), while Questor's share price has fallen from $1.52 to $1.31.

Ensign Energy Services Inc offers services in drilling and well servicing, oil sands coring, directional drilling, underbalanced and managed pressure drilling, equipment rentals, transportation, wireline services, and production testing services.

[Angles]

Bounce back to a new low of $1.10 or lower, in my opinion, after they release their nothing new first quarter dismal report on May 30, 2022. I was a huge supporter for years but based upon what they have done over the last two years (or what they have failed to do) I think my share price estimate is very generous. Good luck to you still holding QST, you are going to nee it! Angles  

[Angles]

Pretty much like I predicted! QST hit a new low of $1.11 this morning with lots more room on the downside, in my opinion.   And I don’t think anything positive will be in the first quarter report to help out this stock.   The book value is under $1.10 per share and falling every quarter. They don’t deserve a premium any more for their cash (which is shrinking), their leading technology

[laurencelefou]

As of December 31, 2021, shareholders equity was $30,482,081 and the number of outstanding share was 27,761,858.  The book value per share is $1.10.  The share price is trading at around book value and will likely, not deep for any significant amount of time, below book value.   I just voted for Marcel Kessler to continue as a Director of the Board.  He served as President