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Message: Oil to ‘Spike’

Re: NR-Questerre Acquires Horn River Shale Acreage

posted on Jun 10, 2009 02:40PM

Jinxer,

I agree with you that TLM may be the company who buys out QEC but Sprott alone owns 15% of QEC shares and are averaged in at around the 2.50 mark. They know what the play could be worth so ....do you think they'll vote yes to a 3.50 cent offer when they know they could get 20-30 if they hold out? The only reason QEC has been left out of the market as of late is because they are still in the process of working on their assets and creating shareholder value with every move they make. When they stop doing that I'll unload my shares you can bet on that. Quite honestly I don't think I'll have to do that for a long time though.I'm here to make a profit just like everyone else and I've done that but I still see a larger number down the road and nothing has changed my mind about this company and their management team since I first invested in QEC last March. Last year I was holding HRG and senced that there was a problem when they opened up two new mines and there were a number of problems with production. I unloaded the shares for 2.06. Today they are .21. I also got rid of OIL at 18.50 because I heard they were starting to have financial problems. Today they were at .07. I'm glad I made those decisions. Like I said nothing has made me want to sell my QEC shares because they haven't finnished the 200,000,000 project with TLM and FST that will unlock share value in the near future.

There.... have I picked you up off the floor yet? Or have I put you back to sleep? LOL Have a great night Jinxer

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