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Message: Re: Keep the faith

Mar 15, 2011 06:33AM
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Mar 15, 2011 10:06AM

Mar 15, 2011 01:24PM
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Mar 16, 2011 09:01PM

Makes sense to keep the BIG picture in mind but applying that perspective to the Utica leads me to think that TLM is a better way to invest in the play. La Belle Province is taking a go slow, study the thing to death approach that will make economy of scale virtually impossible for the exploration companies. Add to that regulations and bureaucracy and red tape (there's a good reason Quebec is an economic basket case) and you'll have holes that cost about $15mil a pop. At that burn rate, QEC is good for about 10 holes and still miles away from commercial development. That means share dilution aplenty as QEC attempts to recap itself.


Mar 17, 2011 12:10PM

Mar 17, 2011 01:03PM
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Mar 18, 2011 12:08PM
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