Both clips give some information that could potentially impact QECs SP alot in the future, and in particular the second clip.

Never wrong having the CEO of your partner mentioning your projects in postive terms, but I found the part from 09:50-END very interesting. This says something about Talismans timeline. So even though they could theoreticly drag it along for years if they wanted to in the Quebec-Montreal area, that fits badly with their guiding when it comes to replacing production lost through recent and coming sales.

The second clip is as you say not against shale gas. I would say its not really about shale gas per se, but about overhyped estimates cooked up by US producers. When you base your math on wells producing 40-50-60 years, it aint hard to make anything look like a goldmine. 20-25% of wells drilled in '04-'06 closed or producing close to its commercial limit doesn't read 40+ years to me. Arthur Berman studied the Barnett shale specificly, but mentioned Marcellus (watch out NEC'ers) and Haynesville in the same breath.

This might sound like bad news for QEC, cause we wouldn't like to see our wells empty before the drilling cost was covered either, but if you watch the whole video, he finish up alot more positive to Canadien shaleplays, because of the higher quality of the reservoars.

And I cant imagine anything more positive for the longterm NG-price then the fact that the "endless surplus of gas" was based on false assumptions. Sad for those that have spent billions on shortlived wells, good for those that actually have economical plays that produce gas, not when its at its lowest price, but when its at the "right" price.

While I wrote this shortly after my NG - Bull thread when QEC:TSX was in 3.15, I was pulled away before hitting submit, coming back now with QEC:TSX at 3.36 and NG at the right side of the 4.16 mark, the post hasn't gone too outdated :D