Questerre Energy Corporation

Makes sense to keep the BIG picture in mind but applying that perspective to the Utica leads me to think that TLM is a better way to invest in the play. La Belle Province is taking a go slow, study the thing to death approach that will make economy of scale virtually impossible for the exploration companies. Add to that regulations and bureaucracy and red tape (there's a good reason Quebec is an economic basket case) and you'll have holes that cost about $15mil a pop. At that burn rate, QEC is good for about 10 holes and still miles away from commercial development. That means share dilution aplenty as QEC attempts to recap itself.