Last Updated On: October 12, 2018
Share Price On This Date: $2.58
Waste gas incineration primarily for the oil and gas sector.
An oil and gas services company with a technological twist. Questor rents out a fleet of waste gas incinerator units that it developed itself to oil and gas companies to reduce their methane emissions. They have done extraordinarily well in the past year in Colorado where the state legislature passed tough environmental standard laws mandating the use of technologies like Questor's. They continue to expand their rental fleet and say that other states are now considering adopting similar environmental legislation which would help drive continued growth and expansion.
In a surprising upset to their well-laid plans though, an environmental group managed to get a new initiative onto the ballot for the November 6th elections, proposing what essentially amounts to a ban on all new drilling in the state of Colorado. This proposal seems to have quite a bit of support with frustrated Colorado residents, although the big oil and gas companies are sure to fight tooth and nail to prevent its implementation should the ballot initiative pass. Until the results of the election are known, there is a big question mark hanging over the future of this otherwise promising company.