Post by
Tweedlede on Dec 18, 2020 8:53am
Good things coming for QST
"The Canadian oil industry is widely expected to pour billions into emissions reducing technology in the coming years after Ottawa last week announced it would hike its carbon tax by more than 500 per cent, to $170 per tonne in 2030 from $30 per tonne now."
https://financialpost.com/commodities/energy/oilsands-emissions-intensity-35-lower-drop-another-19
Comment by
mlmack on Dec 18, 2020 2:09pm
I'm surprised QST is not moving up with the price of oil. The oil companies balance sheets are improving and govt regulations in Canada and the US will force them to cut both carbon and methane emissions. Ive been buying in the low 2"s.
Comment by
savyinvestor333 on Dec 18, 2020 6:20pm
I'm expecting a good move up once tax loss selling season is over. QST was more likely impacted this wayas most people were in this stock near the $5.00 level. They could have a 50-70% loss in 2020. If you want max tax loss you pick your biggest losers. I'm thinking selling should dry up within 2 weeks.
Comment by
microcaphobby on Dec 23, 2020 1:55pm
I think management is trying to diversify their product line. Insider buying, even as recently as this week is a good sign.