Translated from the following link:

http://www.hegnar.no/analyser/article415152.ece
Article by: Stian Jacobsen (Hugin Online - 24.3.10 10:29)

In today's report from Trend Tech Securities, Analysis Manager Bjørn Inge Pettersen has issued a buy recommendation on Questerre Energy.

- Questerre Energy remains in a positive upward trend which signaled a further rise in the long term. The stock has corrected somewhat in the short term but showed good support at around 22 kroner, writes Pettersen.

- The stock is now rebounding upwards again from this level and seems ready for a further rise from within the upward trend. In addition to the support level of around NOK 22 the stock now also has support from the 40-day moving average, writes Pettersen.

- Based on the positive technical picture Questerre Energy now shows, we consider the stock as an interesting buy candidate at the current level. We see a short-term (1-2 months) the potential for the stock up to 30 kroner and for slightly longer term (6-9 months), we see a potential for the stock up to 35-40 kroner (6.80 CAD), concludes Pettersen.

At the time of publication the stock traded at 24.70 kroner. Should the stock test the stipulated target, it means that the value of the company must increase by 62 percent from current levels.