Questerre Energy Corporation (QEC.OL) Stock Analysis & Winston Score

Questerre Energy Corporation is a Canadian oil and gas exploration company that looks for and develops energy resources in the ground. Its main focus is on unconventional resources, including shale gas and tight oil, primarily in Quebec, Canada, and it also has interests in Jordan. The company is relatively small and is best known for its large shale gas position in the Utica shale formation in Quebec. Questerre makes money by producing and selling oil and natural gas, though it is currently spending more than it earns, which explains its negative margins. The company operates mainly in Canada, with a market cap of around $0.8 billion, making it a small-cap energy explorer. Its Quebec shale gas assets could be valuable if regulations change, but the province has maintained a moratorium on hydraulic fracturing, which is the key technique needed to extract that gas — making regulatory approval the single biggest risk and potential catalyst for the business.