Re: just curious
in response to
by
posted on
Aug 06, 2008 07:55AM
(Edit this message through the "fast facts" section)
Just want to say hi to everyone and hope everyone is enjoying their summer. Well done to JQ...keep up the good work. This is the first time I have been at a computer for a long time.
In response to this message...you really have no idea about drilling that's for sure. Don't come on here and try to bash the stock....the drilling started only recently and things like this take time. This is shale rock and the fracing process is difficult and has to be done properly. It isn't like conventional pools where you just drill straight done. Horizontal and fracing is a lengthy process and with all the eyes of the investment community and money on the sidelines waiting to get in...I would hope they take their time and do things right. Forest and TLM are talking very heavily about this and this isn't a game. Your comment about these things shouldn't take longer than 2 weeks is beyond ridiculous.
Take a look at all these companies like forest and tlm and encana...all have targets from top analysts at least 40% higher from where they are now....everything trading at a discount. Once results come through and NG price goes back up...I for one think its drop was WAY overdone....things will be higher than before if results are what many expect.
If you go to reuters website and to marketwatch website...both have analysts on QEC even at this stage with buy recommendations and on marketwatch they have an average target of 7.50+. If you look at the comments made by BNN guests since the forest results...the majority of them have said buy or if you own it hold it.
I got to run but take guys.
Rocco