QEC - Utica Resources sues the Quebec government for $18 Billion
This will in theory price the QEC share to a couple of hundred NOKđđđđ
Quebec Gets Sued: Bill 21: Utica Resources sues the Quebec government for $18 Billion for violating Article 6 of the Quebec Charter of Rights and Freedoms - Energy News for the Canadian Oil & Gas Industry
energynow.ca
Bill 21 constitutes an attack on Utica Resourcesâ right to âthe peaceful enjoyment and free disposition of its propertyâ, a fundamental right protected by the Quebec Charter of Rights and Freedoms (Article 6) and section 952 of the Civil Code of Quebec, which states that âNo owner may be compelled to transfer his ownership except by expropriation according to law for public utility and in return for a just and prior indemnity.â
âWe will defend our rights so that this disguised expropriation, the public utility of which does not exist, is compensated at the fair value of our propertiesâ, declared Uticaâs CEO, Mario LĂ©vesque. âA leading independent expert has concluded that Uticaâs properties would generate $67 Billion in future profits (net value of recoverable resources in place), the equivalent of $18 Billion in net present value using the discount rate of the Court.â
âFor years, the Quebec government had invited us and others to invest in order to explore and extract Quebecâs oil and gas resources. We acted in good faith, found local and foreign investors and respected all of Quebecâs regulatory requirements. Then from one day to the next, the government changed its mind for political reasons and effectively expropriated our properties without proper prior compensation. Bill 21 is completely irresponsible and without logic in all regards and goes against the will of a significant majority of Quebecers. It is bad for Quebec, our European allies who desperately need our gas and even for the environment.â
If the governmentâs actions were to be upheld by the Court, it would mean that there are no property rights in Quebec and Canada. The province and the country would become un-investable and make a mockery of Mr. Legaultâs claim that âQuebec is not a banana republicâ and Invest in Canadaâs claim that âCanada is the best country for global investment. Period. â
Utica Resources is a Quebec company whose mission is to participate in the energy transition currently underway by developing a diversified portfolio that includes, in addition to light oil and natural gas, renewable energy projects such as hydrogen and CO2 storage. All our projects are carried out with a view to sustainable development, optimal use of available resources, respect for host communities and maximization of local economic benefits.
https://energynow.ca/2022/06/quebec-gets-sued-bill-21-utica-resources-sues-the-quebec-government-for-18-billion-for-violating-article-6-of-the-quebec-charter-of-rights-and-freedoms/?amp
Quebec Gets Sued: Bill 21: Utica Resources sues the Quebec government for $18 Billion for violating Article 6 of the Quebec Charter of Rights and Freedoms - Energy News for the Canadian Oil & Gas Industry
energynow.ca
Bill 21 constitutes an attack on Utica Resourcesâ right to âthe peaceful enjoyment and free disposition of its propertyâ, a fundamental right protected by the Quebec Charter of Rights and Freedoms (Article 6) and section 952 of the Civil Code of Quebec, which states that âNo owner may be compelled to transfer his ownership except by expropriation according to law for public utility and in return for a just and prior indemnity.â
âWe will defend our rights so that this disguised expropriation, the public utility of which does not exist, is compensated at the fair value of our propertiesâ, declared Uticaâs CEO, Mario LĂ©vesque. âA leading independent expert has concluded that Uticaâs properties would generate $67 Billion in future profits (net value of recoverable resources in place), the equivalent of $18 Billion in net present value using the discount rate of the Court.â
âFor years, the Quebec government had invited us and others to invest in order to explore and extract Quebecâs oil and gas resources. We acted in good faith, found local and foreign investors and respected all of Quebecâs regulatory requirements. Then from one day to the next, the government changed its mind for political reasons and effectively expropriated our properties without proper prior compensation. Bill 21 is completely irresponsible and without logic in all regards and goes against the will of a significant majority of Quebecers. It is bad for Quebec, our European allies who desperately need our gas and even for the environment.â
If the governmentâs actions were to be upheld by the Court, it would mean that there are no property rights in Quebec and Canada. The province and the country would become un-investable and make a mockery of Mr. Legaultâs claim that âQuebec is not a banana republicâ and Invest in Canadaâs claim that âCanada is the best country for global investment. Period. â
Utica Resources is a Quebec company whose mission is to participate in the energy transition currently underway by developing a diversified portfolio that includes, in addition to light oil and natural gas, renewable energy projects such as hydrogen and CO2 storage. All our projects are carried out with a view to sustainable development, optimal use of available resources, respect for host communities and maximization of local economic benefits.
https://energynow.ca/2022/06/quebec-gets-sued-bill-21-utica-resources-sues-the-quebec-government-for-18-billion-for-violating-article-6-of-the-quebec-charter-of-rights-and-freedoms/?amp
Redigert 22.06.2022 kl 22:03
Du mÄ logge inn for Ä svare
Ser vi 2-tallet i mÄrra, folkens?
MC Axel
22.06.2022 kl 23:24
15512
TrumpGold skrev Ingen reaksjon pÄ Canada bÞrsen 0,21 CAD. -10%
đ
The news is brand new, QEC goes up high tomorrow, just wait and seeđđ
The news is brand new, QEC goes up high tomorrow, just wait and seeđđ
MC Axel, this is fantastic news for QEC đđđđ
âŠâŠâŠspĂŠndende hvad tosserne PU og XL har af sjove kommentarer til den udmelding đ
âŠâŠâŠspĂŠndende hvad tosserne PU og XL har af sjove kommentarer til den udmelding đ
1013 skrev Bare rolig, Qec fÄr kÊmpe erstatning.
âŠ. eller sĂ„ mĂ„ de Ă„pne opp for utvinning.
Mest trolig scenario basert pÄ situasjonen i olje/gassmarkedet samt stÞrrelsen pÄ erstatningskravet. Quebec vil ikke ha rÄd til Ä betale ut slike summer.
Mest trolig scenario basert pÄ situasjonen i olje/gassmarkedet samt stÞrrelsen pÄ erstatningskravet. Quebec vil ikke ha rÄd til Ä betale ut slike summer.
MC Axel
22.06.2022 kl 22:37
15693
1013 skrev Bare rolig, Qec fÄr kÊmpe erstatning.
This is great! Legault is fucked!đ
"Bill 21 constitutes an attack on Utica Resources' right to the peaceful enjoyment and free disposition of its property, a fundamental right protected by the Quebec Charter of Rights and Freedoms (Article 6) and section 952 of the Civil Code of Quebec, which states that No owner may be compelled to transfer his ownership except by expropriation according to law for public utility and in return for a just and prior indemnity."
https://www.iqstock.news/n/bill-21-utica-resources-sues-quebec-government-18-billion-violating-article-quebec-4085396/
"Bill 21 constitutes an attack on Utica Resources' right to the peaceful enjoyment and free disposition of its property, a fundamental right protected by the Quebec Charter of Rights and Freedoms (Article 6) and section 952 of the Civil Code of Quebec, which states that No owner may be compelled to transfer his ownership except by expropriation according to law for public utility and in return for a just and prior indemnity."
https://www.iqstock.news/n/bill-21-utica-resources-sues-quebec-government-18-billion-violating-article-quebec-4085396/
MC Axel
22.06.2022 kl 22:29
15736
đ yes and it's all over in the news!đ
Bill 21: Utica Resources sues the Quebec government for $18 Billion for violating Article 6 of the Quebec Charter of Rights and Freedoms
June 22, 2022, 1:00 pm
MONTRĂAL, June 22, 2022 /CNW Telbec/ - Utica Resources today filed a lawsuit in Superior Court to nullify Bill 21 or, failing that, to obtain compensation of $18 Billion which corresponds to the net present value of future profits, as estimated by a leading independent expert.
https://finance.yahoo.com/news/bill-21-utica-resources-sues-120000789.html
From: the lawyers daily
Hydrocarbon development and exploration company sues Quebec government for $18 billion
By Daniel Escudero
June 22, 2022, 2:20 PM EDT
A Quebec resources company is seeking $18 billion in compensation from the provincial government for damages caused by what it alleges is the expropriation of its property as a result of...
https://www.thelawyersdaily.ca/articles/37458/hydrocarbon-development-and-exploration-company-sues-quebec-government-for-18-billion
https://canada.detailzero.com/news/12435/End-of-hydrocarbon-activities-in-Quebec-Utica-Resources-attacks-the-State.html
Bill 21: Utica Resources sues the Quebec government for $18 Billion for violating Article 6 of the Quebec Charter of...
Benzinga
By Pr Newswire
https://www.iqstock.news/n/bill-21-utica-resources-sues-quebec-government-18-billion-violating-article-quebec-4085396/
Bill 21: Utica Resources sues the Quebec government for $18 Billion for violating Article 6 of the Quebec Charter of Rights and Freedoms
June 22, 2022, 1:00 pm
MONTRĂAL, June 22, 2022 /CNW Telbec/ - Utica Resources today filed a lawsuit in Superior Court to nullify Bill 21 or, failing that, to obtain compensation of $18 Billion which corresponds to the net present value of future profits, as estimated by a leading independent expert.
https://finance.yahoo.com/news/bill-21-utica-resources-sues-120000789.html
From: the lawyers daily
Hydrocarbon development and exploration company sues Quebec government for $18 billion
By Daniel Escudero
June 22, 2022, 2:20 PM EDT
A Quebec resources company is seeking $18 billion in compensation from the provincial government for damages caused by what it alleges is the expropriation of its property as a result of...
https://www.thelawyersdaily.ca/articles/37458/hydrocarbon-development-and-exploration-company-sues-quebec-government-for-18-billion
https://canada.detailzero.com/news/12435/End-of-hydrocarbon-activities-in-Quebec-Utica-Resources-attacks-the-State.html
Bill 21: Utica Resources sues the Quebec government for $18 Billion for violating Article 6 of the Quebec Charter of...
Benzinga
By Pr Newswire
https://www.iqstock.news/n/bill-21-utica-resources-sues-quebec-government-18-billion-violating-article-quebec-4085396/
Redigert 22.06.2022 kl 22:35
Du mÄ logge inn for Ä svare
Kjempemessig.
NÄ ruller ballen videre i rettsalen og politikerne vil endelig mÄtte stÄ til rette for sine beslutninger.
Legg merke til at de ber om en erstatning som er basert pÄ verdien av forekomstene - basert pÄ 3. parts vurderinger.
For QEC vil dette vĂŠre helt enormtđ
NÄ ruller ballen videre i rettsalen og politikerne vil endelig mÄtte stÄ til rette for sine beslutninger.
Legg merke til at de ber om en erstatning som er basert pÄ verdien av forekomstene - basert pÄ 3. parts vurderinger.
For QEC vil dette vĂŠre helt enormtđ
MC Axel
22.06.2022 kl 22:07
15856
This is probably the reason for the significantly higher share volume in recent daysđ
I think this is a major trigger!
I think this is a major trigger!