Re: Oh the Drama!
in response to
by
posted on
Jan 13, 2011 05:03PM
(Edit this message through the "fast facts" section)
Nice post Expeter!
These firms really are shady man.
Like I said, I read the article not 3 weeks ago (when QEC was lower) that AGB Sundal was talking about QEC and giving it a $1.50 target price...which was fine, they are entitled to their own opinion.
Now not 3 weeks later, they lied about what Talisman said and made false rumors...saying that delays could be up to 2013 (total bs which for me deserves some investigation and punishment by securities laws to say that nonsense)...anyway, say that it was true...how could they give it another $1.50 target?? They have had a $1.50 target all throughout...if this recent news were that bad, QEC should have a $1 target...that's the only logical thing here. These guys, after tax loss selling saw QEC rise to $2+ and they couldn't grab shares and missed out. Now all of a sudden it's lies to drop it down so they can. Honestly this makes me laugh out loud at how they can operate like this.
What I saw was a lot of firms gave QEC good ratings. Currently has 5 buys, 6 outperforms and 1 hold. DnB loves QEC and they are the largest institution in Norway...from what I saw they are using this opportunity to buy back cheaper...they were the ones that raised QEC from the lows in Norway today and had huge walls up at the end so that it wouldn't go lower. Respectable firms stick to what they say and these guys are...along with Pareto that bought too.
Just baffles me how a single smaller firm (compared to the rest) can be so shady. Their target prices gave them away as it made no change and now they are hoping to get cheap shares, nothing more here.
Talisman said nothing bad of the sort at all, go back and listen. They said they are looking forward to doing the next 2 horizontals, and then they will analyze those results and then decide how to move forward.
Right now it is about the government decisions on how to regulate and they mentioned tons of times (because they wanted to make it VERY clear) that a fiscal regime must be in place that will allow the utica to be opened up for development. If Quebec gives them solid incentives, Talisman will no doubt jump on board. These guys are stupid...a 1-2% lower royalty and other incentives mean HUGE money saved, tens of millions because of the way shale produces in early years...they will take that opportunity.
Right now it's about being respectful and waiting to move once things allow it, which are the things I mentioned above.
We are trading very low volume...lots of large firms bought up to $2+, yet I haven't seen any sell on the way down. The only people buying and selling to each other is RBC and CIBC mostly...and I have no idea what the heck they are doing looool...kind of pathetic actually ahahaa.
Anyway, looking forward to this first half of the year. And to Lone Pine in the second half!
Rocco