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Questerre ( (TSE:QEC) ) has issued an update.
Questerre Energy Corporation announced an update on its proposed acquisition of PX Energy, a Brazilian oil shale production and refining company. The company emphasized the importance of completing due diligence to ensure a beneficial transaction for shareholders, while addressing liquidity needs through financial partnerships to mitigate risks. Discussions with bondholders and convertible note holders are ongoing to establish a sustainable capital structure. The acquisition, seen as strategically valuable for advancing Questerre’s oil shale strategy, is contingent upon various approvals and conditions.
The most recent analyst rating on (TSE:QEC) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Questerre stock, see the TSE:QEC Stock Forecast page.
Spark’s Take on TSE:QEC Stock
According to Spark, TipRanks’ AI Analyst, TSE:QEC is a Neutral.
Questerre’s overall stock score reflects a balance of positive technical trends and strong cash flow generation against significant profitability challenges and valuation concerns. The stock’s technical strength is a key positive factor, but the negative P/E ratio and lack of dividend yield highlight underlying financial issues.
To see Spark’s full report on TSE:QEC stock, click here.
More about Questerre
Questerre Energy Corporation is a Calgary-based energy technology company focused on the responsible development of oil and gas resources across the Americas. The company integrates leading-edge technologies with a disciplined capital strategy to unlock long-term value while maintaining strong environmental and social governance standards.
Average Trading Volume: 39,521
Technical Sentiment Signal: Buy
Current Market Cap: C$154.3M
For a thorough assessment of QEC stock, go to TipRanks’ Stock Analysis page.