Re: very quiet
in response to
by
posted on
Feb 11, 2008 11:13AM
(Edit this message through the "fast facts" section)
Yeah I think it may be the general sentiment of the markets, you are right william. But at one point you do question about the price, since it is so low that it is grossly oversold and undervalued. I mean the Antler and Quebec lands we own should have us trading a lot higher, forget production and our other properties. I mean look at Gastem, QEC partner, I don't even know if they have a lot of production, I doubt it, but there main holding is also in Quebec, and they're are trading from $0.60-0.70. It's just I guess when people panic and sell into a market with no buyers, this is what happens.
We still have a lot of projects and news coming up and I think this company is still great, nicely diversified and so it should be interesting to see what happens, not to mention price of gas coming up. On top of hearing about Nahanni(hopefully to be on production), Antler, Great Sierra, Southern Alberta and the siesmic activity, we will hopefully be drilling 2-4 more wells with Talisman, and also hearing about the 2 wells Forest Oil and QEC and Gastem are participating together in Quebec. I would have thought that they would have released all the results right now, but it leads me to believe, that if it was terrible news, they would have just let it out. Maybe Forest Oil found some really encourage result/news and want to claim more land farm-in before anyone else pops in....of course that's just one possibility, but we should hear soon. I hold Gastem shares as well, over a year now, and they said the results will be shortly, so it will be an interesting summer.
I guess the only thing to do is load up at these prices:).
Cheers ppl! Oh and of course all comments and opinions please!!:)
Rocco