Market Call Tonight

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johnyboy

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Market Call Tonight

posted on Jul 27, 2008 02:50PM

Josef Schachter, president, Schachter Asset Management, was on market call tonight (Friday edition) and had the following to say about QEC:

"Key for them is the million gross acres in Quebec. Has about 30% and partners are Talisman, which knows shale plays and Forest Oil. Forest is drilling right now and starting in the fall Talisman will drill their other 3 plays. valuation model over 6$ per share value, land play 3500$ acre = 6$ share. Twelve month price target $6.40 with a move to the upside when Forest and Talisman release results"