Made a mistake here due to a mixup in the currency conversion. The 4.15 NOK corresponds to 0,71 CAN.

Sorry about that.

(however in the meantime qec has traded as high as 4.19 in Oslo :D )

The Total/CHK trade values the Utica at 15000 $ US per acre corresponding to a SP in QEC around 24 $ US.

Note: the Utica becomes increasingly wet towards the west, so the acres Total bought (in Ohio) contains both gas and condensate, whereas QEC's possessions only contains dry gas.

We have hit 4.15 NOK in Oslo now (0,74 CAN), with JPM as the biggest buyer. if we make it to 4.25 the way towards 4.85 is open, and might be a very probable stop in establishing an uptrend.

All the best

JH

What I am really curious about, is the 100k saskatchewan acres, their position and the cost+ how it all affects the cash position of the company. I find this very interesting since this ultimately serves as a sort of "safe haven low" in the stock quote.

From an FA point of view, I am very confident that qec is a solid long-term bet which might prove to be at least a ten-bagger from todays qoute (and ultimately two or thre times that, pending the matter of events and one's investment horizon).

From a TA point of view, a recent SHS formation indicates targets at 0.50 and the 0.40-0,42 area. The latter corresponds to a gap closure around 2,30 NOK at the exchange in Oslo.

So even if fundamentals confirm a horizon of increasing brightness, TA hints that we can still go lower.

For the latter reason, I am still waiting to more qec stocks to my portfolio.

weekend greetings from Denmark

JH