trading...
posted on
Oct 22, 2008 10:02AM
(Edit this message through the "fast facts" section)
Our volume is so low right now...I think we have so many people just waiting on the sidelines, and a few people taking advantage by either trying to push the price down or just selling into buyers who know well enough that they can get in cheap on days like this.
It just funny how we trade with the tsx or oil...when we're not even an oil company...we have just one property of oil, rest and largest being in NG. NG prices seem to have stabalized here and have great upside in the coming months...but seems we don't follow that.
Just caught up in the downturn...tsx down, we're down...tsx up..we're up...NG could be up a dollar today, and we'd still be down with Encana and the others lol.
I saw the short list for qec as of the 15th of this month, it's around 300K shares...so barely anything....very risky to short this when we're so close to news. If we get favorable economic results, I could care less if the stock goes down for some reason that day because the tsx was down...I'd unload other things to buy more, because we know we have a very for sure type of deal with all those wells coming in with good results and it's just a matter of time. We shouldn't be an oil price sensitive stock or a company priced via earnings...we're based on potential here....will be very interesting to see what the market does if our results are good in times like these....I really can't see any investor our fund out there that wouldn't be going heavy to buy potentially one of the biggest gas discoveries in Canada....should be interesting!:)
Thoughts?
Rocco