InvestmentPitch: Jennings Capital Initiates Coverage on Questor Technology,
(TSXV:QST) with Speculative Buy Recommendation - Video Research Alert on
Vancouver, BC, February 21, 2014 -.Investment firm Jennings Capital has
initiated coverage on Questor Technology, (TSXV:QST). Analyst Russell Stanley
gives the company a speculative buy recommendation and a 12-month target price
of $3.25, a premium of 28% to the $2.54 price on February 10th when the report
InvestmentPitch.com has produced a "video research alert" about Questor based
on this report. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Questor" in the search box.
Questor designs and manufacturers waste gas incinerators that destroy noxious
or toxic hydrocarbon gasses at 99.99% efficiency. The company sells and rents
these incinerators to oil and gas companies operating primarily in the United
States and Canada, as well as Europe and Asia. Customers include such
well-known names as Royal Dutch Shell, BP and EnCana. These incinerators can
also be marketed to a number of other fixed and mobile oil and gas
The recent acquisition of ClearPower Systems with its waste heat recovery
technology could expand Questor's market reach to include landfills,
agriculture, sewage and water treatment.
Audrey Mascarenhas, Questor's President and CEO stated, "This acquisition will
enable us to offer a solution to our clients that not only addresses their
emission issues but can provide an economic benefit by generating power for
use at site or to the grid in a cost effective way while significantly
reducing the site carbon footprint. Many jurisdictions offer a premium price
for power generated from waste heat."
Waste gas flaring has more than tripled in the United States, and it is now
the 5th largest flaring nation globally, up from 15th in 2007. New EPA
regulations to be in place by 2015 will require more efficient combustion
methods, which should further accelerate sales growth.
Analyst Russell Stanley stated, "The company's primary near-term market
opportunity, the dehydrators used to remove water vapour from raw natural gas,
could easily represent $125+ million in revenue, assuming just 1% - 2% market
Questor's shares currently trade at $2.75, a discount to the $3.25 target
price, and with 25.2 million shares outstanding, the company is capitalized at
For more information please visit the company's website at www.questortech.com
or contact Audrey Mascarenhas, President & CEO, at 403-571-1539 or email
For more information about Jennings Capital or to obtain a copy of their
research report, contact your nearest Jennings Capital office. Their branches
are listed on their website at www.jenningscapital.com.
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Barry Morgan, CFO
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: InvestmentPitch via Globenewswire
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