JQ,

I agree that winter is a season which investors in natural gas love. I am not a technical analyst (nor do I pretend to be), but the trend has been higher prices for stocks in natural gas in the months leading up to March. Let's look at some of the historical trading paterns for QEC (even though it has been not trading too long):

8/8/07: 1.05 1/3/08: 0.44 -0.61 ( -58%)

8/8/06: 0.80 1/3/07: 1.35 +0.55 ( +69%)

8/8/05: 0.59 1/3/06: 0.59 --- (0 %)

6/8/04: 0.11 1/3/05: 0.37 +0.26 (+236%)

With the exception of last year, there has been a gain from now until March in each year. In 2005, even though no gain was noted, $0.75 was the close at the end of September. Mind you the demand for natural gas in the winter was not the only factor in the historical prices listed above.

I put this info up to stress the high risk/high reward idea. Now, factor in new potential reserves (Quebec) and higher rewards are very possible.