Re: Good Morning Canada
posted on
Mar 03, 2009 06:03PM
(Edit this message through the "fast facts" section)
Gunnar. I had just written, then my browser went down, I try again.
It's because of the fall in qec SP, I think or it appears to me like too much. I read on an other forum here on agora that there was a company who contacted the retailers, cause they were afraid to be taken over by a fund at a much too low price, also they did'nt want a fund to run them or ruin the company, maybe they had some other ideas about what to do with it. Ok, they made an internet voting, but all the small holders had to vote for the company if they should winn. I mean, maybe someone big could get other major holders in on a bid. This is my mainly consern, but I think the brokers want it up(so it's not about ML, only if they should have something to do with bringing it down. Today was a break/stop in trading on oslo and they investigate, ok today was about going up:) DnM wrote today that they think qec have gone down too much and we saw heavy buy from Pareto, DnM and Nordnet. ML sold nearly 500 000, but oslo traded a little more than 4million shares in qec, maybe we will see the price be set most by oslo. DnM had a buy recomendation and target on 19nkr, this is 3.40cdn$, but they also said, there has only been drilled 4 wells, they think 20 has to be drilled to reviel/show the comersialety of the play. Ok qec went up 8% today in canada(other NG companies did also go up) NG price goes up and maybe if TLM comes with something, then we will go more, but it was most about this, that the SP is too low and the sell of, first from Sundal Collier the day before results. I was thinking, what goes on, cause I have expected low eanings also for 2009, would be no surprice to me. I have comfort in that we have cash and partners, so also I was thinking, maybe TLM and Forest would have something to say if a fund came with an offer to buy and a bid. So they can make bid against each other:). I will not speculate more about this. What I want most is qec to get the time they need. Maybe ML can make money on the sell in norway and buy in canada, who would'nt if they could, just I got paranoid that someone new or planed something we did'nt know about. Ok, I got it off my bag(or what you call it), out of the system. A lot of writing.
Nearly all commodities go up. Platin,silver and gold a little down and Amex 0,51% down(the big oil companies). Ng now on 4.30, it would like to go above 4.40-44, it has made the run for some time and it did'nt go below 3,98(new bottum), stayed on 4 last time, then the buy started again. Well, now gold up 1-2$, yeah, we will see this volatillity, but VIX have gone down.
From Bloomberg today 3/4:
•Australian Economy Unexpectedly Shrinks 0.5%, First Decline in Eight Years
•China's Premier Wen Will Announce New Stimulus Package, Ex-Official Says
•Most Asian Stocks Advance on Speculation Governments to Increase Stimulus
•Chinese Manufacturing Index Rises, Signaling Economy Closer to a Recovery
•Honda May Apply for Japanese Government Loans to Lend U.S. Vehicle Buyers
•Suda Says Bank of Japan Must Signal Readiness to Take Bold Policy Steps
•Goldman Sachs Affiliate Said to be Cutting Up to 5% of Australia Employees
•China Congress Focuses on Welfare as Slump Sparks Job Cuts, Social Unrest