Thanks for posting that Heltfeil. From the analyst reports I saw, even the ones selling today in Norway, the lowest was 10Kr...around $1.50 Canadian, which I think is more than fair. Other targets are higher. Today's prices really imo are just too low. QEC has a basket of great plays and value...if a buyout were to occur today, I think realistically $3 is what might be offered...but management would laugh at it.

Anela and I talked about the same thing. People think it's a complete stop, but it isn't. They will continue to drill and frac, but regulated...as they expected.

So look for the first week to be volatile...but looking at the buys today, there are a lot of big firms like Macquarie (which to be honest, haven't seen them buy since those days of Forest news), along with Merrill Lynch.

Let's be honest, QEC with news usually gets blasted over the top...once things calm down and we get rid of some shorters and day traders...people will start to understand. Frankly, most of the time it's people trying to make a quick buck...which is fine, but most investors investing based on the long term just buy cheap and wait. There are many firms I saw buy up to $2 these past months, but haven't seen a sell out of them yet.

Here is QEC land:

St. Lawrence Lowlands, Quebec – Over 1 million gross acres (0.34 million net) prospective for the emerging Utica/Lorraine shale gas plays with further exploration potential in the deeper Trenton Black-River

Antler, Southeast Saskatchewan – Land position of over 21,000 net acres for the proven Bakken/Torquay light oil resource play with strong cash netbacks

Southern Alberta – Existing production from its discovered oil and gas pools in Vulcan

Northeast British Columbia – 33,280 gross acres (16,640 net) for established Jean Marie natural gas play with further exploration potential in deeper formations as well as a 50% working interest in the discovered Beaver River Field natural gas field with multiple shale/siltstone intervals under assessment.

If you even just focus on the other 3, they are solid assets. All 3 have been giving great results to QEC, I believe there drilling is basically 100% perfect for 3. We just never hear of it because of Quebec so much.

My honest deep down concern is someone coming in and throwing some ridiculous low ball offer to buy it all...and I would consider $3-4 low ball. Yeah management would reject it, but what if shareholders take it because they bought low or people that bought high get that money back.

Rocco