Anyone have any idea why this is so low? I keep thinking about it but nothing makes sense. I mean Nahanni was 1 well with QEC only having half the risk. Even though it didn't come out as hoped for, QEC still owns the reserves in place.
With Antler and Greater Sierra(first two wells already coming in strong) and Quebec, you would think it would be valued a lot higher....especially with the news that Forest Oil based on the Quebec results, are opting to continue their interest with Gastem and QEC from the Quebec lands.
Encana released a report saying between some 35-163 TCF of gas in place in Quebec, and they included Junex QEC Gastem Forest Oil and Talisman in the report. You would think that based on spec. alone that it would be trading higher. I mean Gastem is trading around 0.60-0.70 and I don't think they have much production, if any. There main prize is Quebec lands. So based on our land alone and the potential, I would think that the prices we are at now are very low.
Comments? Let us livin' up this board a bit:)
Rocco