Re: QEC Valuations (NG in bull)
in response to
by
posted on
Jun 06, 2009 06:44AM
(Edit this message through the "fast facts" section)
Thanks to everyone. BCQEC, I too think we're in good shape. QEC looks strong in the oslo trade, the little dip dow we had cause of the first reaction to the Q1 result looks maybe now like a good opportunity to buy, after peoble have had time to read, get more familliar with the company and the outlook instead just looking at the numbers for the Q1 2009 compared to Q1 2008. My view was(but ok, I had been ready for lower figures, lots of other companies did'nt even make it), that I think they have acted very responsabile and preserving interest+outlook. We have a very capable and good company/management. I think we will see that it was a good idea to get Pierre Boivin on the board, I would like to quote him " It is an exciting opportunity to work with an experienced oil and gas team on a discovery that can change the Quebec natural gas market.”
Yes inceptus, I also like the the Alberta adage. I have found a site with real time trade in commodeties, can see the figures change all the time. It was wild yesterday. Really like nobody knew where anything should go, up or down, also US dollar, it went up, so oil had a hard time(and gold), but NG went possitive:) one time I looked it was down to 3.60 and had been above 3.80, so I was thinking:"let's see if it can hit 3.50", but no it went above 3.70 and stayed while the others flucturated and it finished in green at 3.85 along with gasoline as the only two in green on the energy site I looked. The price depends on the economic recovery most, but Gazprom have said they will produce 10% less, their pipelines are old, also declining fields, latest I heard was that the mexicanproduction declines, from 2003-2007 to the half and now even more, so they have to import more. But think you know about how much NG there is. Yeah, hope we don't get too old before the SP make rocket.
Have a good weekend.
expeter.