For QEC to get halted on Quebec is a big blow for the company, but they don't put all the eggs in one basket. Yes "Rocket", they want to shake out weak investors. They also want to find a buttom. Some investors don't want a government intervention, they want the share or index to fall as deep as it can to see buying starting when people thinks that now everything got too cheep. Trust is the most important thing. Maybe we are close cause now we want to find out about, can we trust the company, how much is the value, what is the outlook from here. An other sign could be when people begin to write that if they had more money they would buy or write they go to the bank to pick up a loan to buy:-)
I have read that some thinks we could be in for another downturn, maybe about the first two months of 2012. I don't know, most important for me is the things Rocco got from Jason, that QEC preserves capital and looks to improve shareholder value, "will improve our reserves" I like this:) exiting.

I have got a link to a site with "shares out on loan", short interests. For qec it looks to be about 1,3-1.4mill, but you can see for yourselves here: http://www.dataexplorers.com/products/data. I don't know how often they update and so, but maybe you can use it.
And it looks like China needs more NG still:
http://www.marketwatch.com/story/origin-conoco-jv-to-sell-more-lng-equity-2011-12-11?Link=obinsite
And::
http://www.marketwatch.com/story/sinopec-enn-energy-to-offer-to-buy-china-gas-2011-12-12
About US:
U.S. bets big on natural gas:
http://www.marketwatch.com/future-of-energy

QEC management are very talented and has a long experience, so they don't just buy any other shaleplay or oli asset. I worry about the NG-price, I'm sure they do too.(will they buy oil or maybe oil-shale or shale oil?) The Kittymat-plant will be running soon I hope and still more companies in the US wants to export NG.