Re: It is this
in response to
by
posted on
Nov 22, 2010 10:08AM
(Edit this message through the "fast facts" section)
I translated this and that article is lying. The horizontals won't be done 3rd quarter 2011, they are still being done 1st quarter of 2011, it says it right in the report and I have recently heard it from QEC. Now I imagine there will be additional horizontals later on yes, but the 2 that were planned are still going to be fraced for spring time.
We already know this project was delayed 6 months or we'd be fracing those two wells right now. Remember originally Talisman we going to frac these early next year, then they sped things up...and now back to original. It might have things to do with service crews, but I think more because of the social factor and lack of regulations. We'll be seeing that shortly in place and then it'll be good. CEO even said that even though Quebecors don't own the resource underneath, it is building relationships with the people that live there, and you know what you have to do this. If you're going to be there for 20 years, you can't just be on bad terms that whole time lol!
Again, these articles put out by media already tell us what we have heard just weeks ago...frankly if you read it properly, it said it was delayed in the Gentilly results 2 months ago. BUT, any excuse to drive fear into the markets to get your hands on some solid shares it np.
Just looking at the trading, I saw a new firm get stopped out of their shares and the one that has been picking a lot of them up is "anonymous", the trader that sent us down a lot lol. It's a dog eat dog world and whatever it takes to accumulate, it'll be done. I've seen this boat loads of times since I've been a shareholder since 2005...long time to be holding a stock.
Come January, or even sooner, we'll start to see this creep back up and up and shorts will be covered that were place usually under $1.90 mark and it'll add pressure and in anticipation of drilling etc. It's happened every time.
I mean really tell me what that presentation said last night that we already didn't know and hasn't already been said. If anything it gave me confidence on the social aspect side and that they are working on laws right now. We need both to move forward. Doesn't matter if wells are bring in 100mmcf/d, or $1 billion in cash is ready to invest...with the former two items it means nothing.
Rocco :)
ps Just anoymous pick up another 40K...they are always the ones to influence and seeing them buy is a good sign...but it just shows that they know the potential, but getting more at $1.40 is better than $1.50...every cent counts.
Rocco