Remember how Dundee gave qec a 12 month target of $8.25...but it has been brought down to $5.75. Either way, I think it's still great. The thing is, $8.25 heading into next year and end of 2009, with many many wells reported...is a very easy possibility, if not higher. We are defining a huge gas play here worth a lot of money, so with an emerging play, hopefully great results from everywhere and confidence back in the market, we'll see some new high's. Everybody wants a shale play early, being that everyone knows what the SP's of companies with them do over time, and qec could be the next one with the most upside.

I guess Dundee is lowering their target on most things, as many analysts are. The thing is, I don't really know how they got $8.25, or $5.75 lol...with the results we hope for, both could seem very small in the long run.

Cheasepeak went from somewhere around the $5's to the high $70's as the plays got developed. So it would be hard as to say, if we got a takeover offer, if we should accept, or wait as the years go on for a possibly higher return as more production comes on.

Anywho, thought I'd share that. The lowering of target means nothing. Still a very nice return from today's levels...but I truly believe, that as results come in and speculation is taken out, we'll see hedge funds and investors come into this, but actually stick around for the long term, not like back in April.

Rocco:)