Well the bottom line is....there are many institutions that have bought millions of shares and are holding long.....besides Yamaska, have land that is three times bigger with Talisman....Bakken is an emerging area with only a few jrs I believe yet to be bought out, QEC being one of them and we also have land in BC producing gas which has had big reserves and where our partner Encana is producing huge numbers. Southern Alberta cash flow of 10 million a year....not to mention the Nahanni formation, which could contain multi tcf potential.
Either way you look at it, Quebec has the gas, and we're going to be having a huge piece of the pie, and that makes whatever sp is today, look cheap in the long run...you can look at the details a lot, but with the amount of gas in place...the big companies want it out of the ground, and we'll be involved and taking a substantial share and it'll make us a way bigger company than we are today. With partners like Forest, Talisman and Encana...we are in the drivers seat and imo the future is bright.
If all those institutions are getting in at these prices...they clearly believe that they are buying in at a good price and we've had close to 60 million shares trade hands in a month, and you can believe that a good portion of that are long term holders (retail and institutional).