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Jennings Capital Initiates Coverage on Questor Technology, (TSXV:QST) with Speculative Buy Recommendation - Video Research Alert on

February 21, 2014 - London

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 was issued. has produced a "video research alert" about Questor based on this report. If this link is not enabled, please visit 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 applications.

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 penetration."

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 $69.3 million.

For more information please visit the company's website at 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

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Source: InvestmentPitch via Globenewswire



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