| HOLD | 3.050 | Peter Hodson | Perhaps early stage in terms of upside potential. Just announced some success in B.C. Also situated in Quebec. Did a financing and are all set to go and have 4 wells going over the next short period of time. | 2008-08-27 | |
| BUY | 3.050 | Allan Jacobs | In the gas shale play in Quebec with Talisman (TLM-T) and Forest Oil (FST-N). Huge potential upside but not much downside protection. | 2008-08-27 | |
| BUY | 2.450 | Joseph Schachter | Company is waiting to see the next phase of drilling. 2 going on right now by the partners, one by Talisman (TLM-T) and one by Forest Oil (FST-N). As they start getting comfort that they can crack the 3 shales and that they are productive after fracking, it then becomes a manufacturing operation. | 2008-08-26 | |
| Comment | 3.390 | John O'Connell, CFA | Many years away from production and will cost many hundreds of millions of dollars more to bring it into production. Have a lot of land with a lot of potential resources. Be careful and limit the amount of risk you expose yourself to. | 2008-07-31 | |
| BUY | 3.200 | Joseph Schachter | Key for them is the million gross acres in Quebec. Has about 30% and partners are Talisman (TLM-T), which knows shale plays and Forest Oil (FST-N). Forest is drilling right now and starting in the fall Talisman will drill their other 3 plays. | 2008-07-25 | |
| Comment | 3.470 | Greg A. Taylor, CFA, BBA | Very interesting natural gas discovery. He has moved out of juniors and into some seniors. If they have more discoveries, they should do quite well and could be a nice tuck under for a major. | 2008-07-22 | |
| BUY | 3.190 | Glenn MacNeill, P.Eng. | A high risk/high reward gas play. Utica shale area in Quebec. Very exciting play. Looks pretty promising. Depends on completion techniques, how well current drilling goes, etc. A good risk. Would own as a high beta stock. | 2008-07-18 | |
| BUY | 3.360 | Jean-Francois Tardif | Gas. Has some of the best and largest land packages in the Utica shale in Quebec. Risky because it is early stage to prove up. Talisman (TLM-Y) is earning on this property. For the next 3 to 5 months, there will be results from a dozen wells and then it will be known the probability of it working. Speculative. | 2008-07-15 | |
| STRONG BUY | 3.230 | Peter Hodson | Everything is positive for the company, but you wouldn’t know it by the recent stock activity. Did a financing at $4.70, which he participated in. There will be drill results by the end of the year. | 2008-07-08 | |
| Comment | 3.100 | Bill Carrigan | Technicians never buy into price spikes. If you own, you have been drawn into a compelling story. If the stock runs up again, fails to make a new high, your exit point would be at the last low it has made. | 2008-07-03 | |
| BUY | 3.950 | Jean-Francois Tardif | Multi fracing technology can make this play economic. Higher Risk. Long term it could worth a multiple of what it is today. | 2008-06-23 | |
| BUY | 4.640 | Peter Imhof | Natural gas in the Quebec shale. Early stage but upside potential is so great that you have to be there. Possibly could own 10 TCF if everything works out. | 2008-06-18 | |
| BUY | 4.400 | David Burrows | Multiple zone shale fracking is being used to open a lot of shale gas, which will benefit them. Western Canada has large tracts of land with easy to get permitting. Small parcels in Quebec could be a challenge in getting permitting. Interesting play. Worth a speculative look. | 2008-06-16 | |
| HOLD | 5.150 | Brendan Kyne | (Market Call Minute.) Short term Hold because it has had a big run. Long-term Buy. Believes in the shale deposits. They are terrific. The chart indicates it needs a breather. | 2008-06-06 | |
| SELL | 5.130 | Michael Decter | Linked to the possibility of shale gas in Quebec. Had an enormous run based on potential rather than production or drilling. If you own, you might think about taking your money off the table. | 2008-06-04 | |
| BUY | 4.940 | Andrew Cook | Has some exposure to the Quebec Utica Shale deposit. There will be a lot of value delivered out of that play. Have some production a West and also a few other resource plays. | 2008-05-29 | |
| Comment | 4.580 | Jean-Francois Tardif | The Utica shale in Quebec could be very large. Rather than buying just one stock, you should buy a basket of them. This could include Questerre (QEC-T), Gastem (GMR-X), Junex (JNX-X) and Altai Resources (ATI-X). | 2008-05-27 | |
| TOP PICK | 4.290 | Peter Hodson | Tight with the dilution, smart financers, have a huge asset. Fabulous upside. Have pilot wells and will know in a year. Quite speculative | 2008-05-26 | |
| PARTIAL SELL | 3.430 | Jennifer Stevenson | In the Utica Shale in Quebec. Good management and technical team. Because they have farmed out, they don't have a lot of capital exposure. A lower risk way to play the Utica Shale. She would be a little concerned about it stalling out for a while until there is more news from Forest Oil (FST-N). If you own, consider taking profits to rebalance your portfolio. | 2008-05-13 | |
| TOP PICK | 2.140 | Jean-Francois Tardif | Natural gas. One of the 4 junior companies that owns property in the Utica Shale in Quebec. (Others are Gastem (GMR-X), Altai Resources (ATI-X) and Junex (JNX-X).) Chose this one because he believes they have the best land package. Also, their land has partnership with Talisman (TLM-T) and Forest Oil (FST-N) in the US. These 2 companies are spending the money to do the wells. High risk. | 2008-04-29 | |
| DON'T BUY | 0.990 | Joseph Schachter | Massive move from $.40 to $1 in one week because of its partner Forest Oil Corp’s announcement of large discoveries in Quebec. Their major partner, Talisman (TLM-T) will be going back to do more seismic and drilling. A shale gas play that will take a lot of time. Have to figure out the fraqing capability. Could be a very valuable asset longer-term, but could take years before becoming a major revenue and cash flow. Liked it at $.40. | 2008-04-04 | |
| HOLD | 0.760 | Joseph Schachter | Debt free and great cash flow. Had production short falls. Have an acquisition in Saskatchewan that has an oil focus to it, which is good. Drilling a very important well in NE B.C. and if that comes in, it could add meaningfully to the NAV. Just announced a major deal with a major energy company. This will be a 2 or 3-year play. | 2007-12-19 | |
| BUY | 0.800 | Joseph Schachter | Likes it for the Nahoney play and the natural gas plays in Quebec. | 2007-10-22 | |
| HOLD | 0.800 | Joseph Schachter | Production was 1400 BOE's in Q2. Made a small acquisition that hopefully will close in Q4. Drawing a very important while in B.C. Have a million acre concession where Talisman (TLM-T) farmed in on them for a shale gas play. A long-term hold on natural ga | 2007-09-11 | |
| BUY | 1.180 | Joseph Schachter | Involved in Alberta gas. Trenton Black river play.
He likes the story, and is showing it to his institutional buyers. | 2007-06-04 | |
| BUY | 1.350 | Joseph Schachter | Has 2 plays in Alberta, which are on production. Volumes are doing very, very well. Had another successful play in B.C. The wild card is their ownership of over 1 million acres of land in Quebec with Talisman as a partner. | 2007-04-24 | |
| HOLD | 1.250 | Joseph Schachter | Very large land play in Quebec where a gas fault extends from the US. Have cased a well that they think will be successful but they have to bring a rig in to test it. Also have conventional production in western Canada. | 2007-01-23 | |
Experts that have talked about Questerre Energy