Falling OIL Prices Won't Stop QEC

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Falling OIL Prices Won't Stop QEC

posted on Oct 23, 2008 02:54AM

Just because oil prices are tanking doesn't mean the door will shut on QEC projects. We have money in the bank,TLM,FST as partners,and all that is needed for Quebec to go ahead is $ 20 oil and $ 3.50 NG prices so even as this article suggests that oil may be down to $ 55 in December, QEC will go forward with the Lowlands project. We may not have a 40-50 bagger anymore in these markets but double digits should happen in the future.