Quebec is moving forward. They are having fabulous wells. They have higher net backs because of the lack of need for transportation. On a little bit of weakness the stock is one to keep an eye on.
The Québec government has finally put the ability for the “go forward” strategy on the Utica Shale to happen. Their partner is Repsol. The wells coming out of the Utica in the US are fabulous. He likes the company and their team. His problem is that if the government gives the green light to go ahead as fast as they can, does this company have the wherewithal to fund it. If it backs off below $0.60, you are just paying for Western Canada and you get Québec for free again.
The Québec government has finally put the ability for the “go forward” strategy on the Utica Shale to happen. Their partner is Repsol. The wells coming out of the Utica in the US are fabulous. He likes the company and their team. His problem is that if the government gives the green light to go ahead as fast as they can, does this company have the wherewithal to fund it. If it backs off below $0.60, you are just paying for Western Canada and you get Québec for free again.
They had a really, really big discovery in Québec shale, and the potential was quite impressive. Then the province stepped in with a moratorium to limit exploration, so the stock got crushed. Recently, the government changed their mind. It is now much more interesting than it was before. A longer-term play.
They had a really, really big discovery in Québec shale, and the potential was quite impressive. Then the province stepped in with a moratorium to limit exploration, so the stock got crushed. Recently, the government changed their mind. It is now much more interesting than it was before. A longer-term play.
These things are really stuck. It is the Energy East Pipeline. Quebec and New Brunswick have put a ban on drilling. There are a lot of other things we can do now in terms of energy investing.
These things are really stuck. It is the Energy East Pipeline. Quebec and New Brunswick have put a ban on drilling. There are a lot of other things we can do now in terms of energy investing.
(Market Call Minute.) Doesn’t see any reason why you need to hold a gas producer.
(Market Call Minute.) Doesn’t see any reason why you need to hold a gas producer.
Has a couple of knocks. One is the regulatory environment on shale in Québec, which doesn’t look overly promising. Partnership with Talisman (TLM-T) increases its stake in its odds. Doesn’t see any visibility for gas prices moving higher.
Has a couple of knocks. One is the regulatory environment on shale in Québec, which doesn’t look overly promising. Partnership with Talisman (TLM-T) increases its stake in its odds. Doesn’t see any visibility for gas prices moving higher.
Quebec is moving forward. They are having fabulous wells. They have higher net backs because of the lack of need for transportation. On a little bit of weakness the stock is one to keep an eye on.