QEC - Utica Resources sues the Quebec government for $18 Billion
This will in theory price the QEC share to a couple of hundred NOK😁🚀🚀🚀
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 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.”
“We 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 properties”, declared Utica’s CEO, Mario Lévesque. “A leading independent expert has concluded that Utica’s 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.”
“For years, the Quebec government had invited us and others to invest in order to explore and extract Quebec’s oil and gas resources. We acted in good faith, found local and foreign investors and respected all of Quebec’s 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.”
If the government’s 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. Legault’s claim that “Quebec is not a banana republic” and Invest in Canada‘s claim that “Canada is the best country for global investment. Period. “
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 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.”
“We 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 properties”, declared Utica’s CEO, Mario Lévesque. “A leading independent expert has concluded that Utica’s 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.”
“For years, the Quebec government had invited us and others to invest in order to explore and extract Quebec’s oil and gas resources. We acted in good faith, found local and foreign investors and respected all of Quebec’s 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.”
If the government’s 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. Legault’s claim that “Quebec is not a banana republic” and Invest in Canada‘s claim that “Canada is the best country for global investment. Period. “
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
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6710
13.07.2022 kl 19:21
4761
Jeg er spændt på indtjeningen i rapport i starten af august, samt om de 45/50 brønde indgår i kommende rapport m.fl.
Hvis det er muligt, prøver man altid at finde bedste indgangsmulighed på lavt volume, sådan er det også i QEC. QEC er i et positiv branche, dette er positivt, set fremover, syntes jeg.
Hvis det er muligt, prøver man altid at finde bedste indgangsmulighed på lavt volume, sådan er det også i QEC. QEC er i et positiv branche, dette er positivt, set fremover, syntes jeg.
Carlsen73
13.07.2022 kl 19:07
4612
Der skal godt nok også snart til at ske noget.
I denne uge har der været tre røde dage ud af lige så mange mulige, og der er - mig bekendt - intet sket, siden vi så kurs 2,08 for en halv måned siden.
I denne uge har der været tre røde dage ud af lige så mange mulige, og der er - mig bekendt - intet sket, siden vi så kurs 2,08 for en halv måned siden.
OPC1000
13.07.2022 kl 18:40
4653
Stock Walker skrev På meg virker det som om hele tråden er satt på pause.
Alle nøytrale/negative er satt på pause.
MC Axel
13.07.2022 kl 13:38
4891
👍 and people ain't pleased with Legault
From twitter:
"Yet another company has joined in suing Quebec over their attacks on Canada's energy industry"
2.35 AM · 13. jul. 2022·Hootsuite Inc.
https://mobile.twitter.com/WeAreCanProud/status/1547031814094704640
From twitter:
"Yet another company has joined in suing Quebec over their attacks on Canada's energy industry"
2.35 AM · 13. jul. 2022·Hootsuite Inc.
https://mobile.twitter.com/WeAreCanProud/status/1547031814094704640
Redigert 13.07.2022 kl 13:40
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Det er sjovt de ikke skriver i dag, nåår ja - deres konto er sat på pause 😂
Vanvittigt beløb og når Utica vinder sagen, så bliver det rent guld for QEC, da denne sag vil danne præsedens for QEC og hermed milliarder på bankbogen for QEC 😎 Hertil kommer eksisterende produktion og nye brønde, samt jokeren i Jordan 🥳
QEC bliver pt handlet til discountpris og selv XL-pik ved det 🤠
QEC bliver pt handlet til discountpris og selv XL-pik ved det 🤠
6710
12.07.2022 kl 15:12
1990
Og man kan åbne for statsgodkendte brønde, muligvis udvinding -og lageringsforsøg af hydrogen/brint og CO₂. Men hvordan dette er skruet sammen i lovteksten, venter vi på.
“med en undtagelse for brønde, der anvendes til statsgodkendte pilotprojekter”
Ser ud til FN urbefolkningen også er ved at forberede sag modregeringen.
“Wolinak Abenaki-rådet har opfordret regeringen til at respektere og engagere sig med dem for udvikling på deres traditionelle territorium. Hvis regeringen afslår denne invitation, vil Rådet ikke have noget andet valg end at fortsætte med sit krav ved at opnå en forfædres aboriginaltitel”
Bliver int hvad Urbefolkningen og QEC forlanger her...
“med en undtagelse for brønde, der anvendes til statsgodkendte pilotprojekter”
Ser ud til FN urbefolkningen også er ved at forberede sag modregeringen.
“Wolinak Abenaki-rådet har opfordret regeringen til at respektere og engagere sig med dem for udvikling på deres traditionelle territorium. Hvis regeringen afslår denne invitation, vil Rådet ikke have noget andet valg end at fortsætte med sit krav ved at opnå en forfædres aboriginaltitel”
Bliver int hvad Urbefolkningen og QEC forlanger her...
Redigert 12.07.2022 kl 15:15
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tuja
12.07.2022 kl 13:23
2107
Supert. Nå er det bare å legge press på de styrende organ. Er rimelig sikker på at selskapene har en meget god sak i rettsapparatet.
"The company is asking the Superior Court of Quebec to either nullify the bill or require the government to provide a compensation of $18 billion."
"The company is asking the Superior Court of Quebec to either nullify the bill or require the government to provide a compensation of $18 billion."
Redigert 12.07.2022 kl 13:25
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MC Axel
12.07.2022 kl 13:18
2100
Utica Resources suing Quebec government over anti-energy bill
By
Elie Cantin-Nantel
-
July 11, 2022
https://tnc.news/2022/07/11/utica-quebec/
By
Elie Cantin-Nantel
-
July 11, 2022
https://tnc.news/2022/07/11/utica-quebec/
OPC1000
07.07.2022 kl 18:05
2758
MC Axel skrev The oil price is flying up again😁
This is like the last time QEC took off and went up to 3 NOK 😁
6710
07.07.2022 kl 12:18
2974
Fx bliver i højere grad BRIKS-samarbejdet mellem Brasilien, Rusland, Indien, Kina og Sydafrika et problem.
Har kan også opstå leverance problemer til fx gas og olie sektoren, samt den anden, samt andre områder.
Vi er i den grad sikkerhedspolitisk på vej ind i en opdelt verdenssamfund, her kommer kampe om lande, råstoffer m.fl i primærfokus, om vi vil det eller ej.
Har kan også opstå leverance problemer til fx gas og olie sektoren, samt den anden, samt andre områder.
Vi er i den grad sikkerhedspolitisk på vej ind i en opdelt verdenssamfund, her kommer kampe om lande, råstoffer m.fl i primærfokus, om vi vil det eller ej.
Redigert 07.07.2022 kl 12:21
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OPC1000
07.07.2022 kl 12:10
2998
MC Axel: Do you still see the same pattern as last time QEC reached NOK 3 ?
6710
07.07.2022 kl 12:06
2994
Det er rigtigt, man har droslet inv ned her om lang tid, samt vedligeholdelse.
Ikke umuligt RUS får problemer i produktionen af gas og olie, nu hvor tilgangen til firmaer som stod for infrastrukturen ikke længere yder service hertil.
Ikke umuligt RUS får problemer i produktionen af gas og olie, nu hvor tilgangen til firmaer som stod for infrastrukturen ikke længere yder service hertil.
MC Axel
07.07.2022 kl 11:45
3040
6710
Not enough has been invested in oil and gas in recent years and it is going to hurt no matter how we look at it
Buy and hold on to your QEC shares 🤗
Opec chief Barkindo says oil and gas industry under siege
“Looking further down the road, OPEC’s most recent World Oil Outlook give us some perspective on what is to come.
It shows the global oil sector will need cumulative investments of $11.8 trillion in the upstream, midstream and downstream through to 2045 to meet expectations for the significant growth in energy demand,” he added.
https://independent.ng/oil-industry-under-siege-from-multiple-fronts-opec-boss-2/
Not enough has been invested in oil and gas in recent years and it is going to hurt no matter how we look at it
Buy and hold on to your QEC shares 🤗
Opec chief Barkindo says oil and gas industry under siege
“Looking further down the road, OPEC’s most recent World Oil Outlook give us some perspective on what is to come.
It shows the global oil sector will need cumulative investments of $11.8 trillion in the upstream, midstream and downstream through to 2045 to meet expectations for the significant growth in energy demand,” he added.
https://independent.ng/oil-industry-under-siege-from-multiple-fronts-opec-boss-2/
6710
07.07.2022 kl 11:08
3098
MC Axel - QEC produkter primær gas og sekundær letolie, så gaspriser er indtjeningsmodul.
MC Axel
07.07.2022 kl 10:49
3146
Buy and hold on to QEC 🤗 the oil price will get back above 100$
Mele Kyari, on Tuesday announced that the decline in the funding of oil investments had virtually led to a halt in the drilling of crude oil by operators in the sector except for the NNPC.
https://punchng.com/oil-firms-not-drilling-except-nnpc-says-kyari/
Mele Kyari, on Tuesday announced that the decline in the funding of oil investments had virtually led to a halt in the drilling of crude oil by operators in the sector except for the NNPC.
https://punchng.com/oil-firms-not-drilling-except-nnpc-says-kyari/
MC Axel
07.07.2022 kl 02:10
3346
Good news!😁
EU lawmakers back gas, nuclear energy as sustainable - Energy News for the Canadian Oil & Gas Industry
energynow.ca
BRUSSELS (AP) — European Union lawmakers voted Wednesday to include natural gas and nuclear in the bloc’s list of sustainable activities
https://energynow.ca/2022/07/eu-lawmakers-back-gas-nuclear-energy-as-sustainable/?amp
EU lawmakers back gas, nuclear energy as sustainable - Energy News for the Canadian Oil & Gas Industry
energynow.ca
BRUSSELS (AP) — European Union lawmakers voted Wednesday to include natural gas and nuclear in the bloc’s list of sustainable activities
https://energynow.ca/2022/07/eu-lawmakers-back-gas-nuclear-energy-as-sustainable/?amp
1013
03.07.2022 kl 14:08
3911
IncognitoPamda skrev Er det noen som vet når vi realistisk sett kan forvente at rettssaken blir ferdig?
Det vil tage flere år før endelig afgørelse, men det ender i et forlig inden valget til efteråret.
IncognitoPamda
03.07.2022 kl 12:55
4019
Er det noen som vet når vi realistisk sett kan forvente at rettssaken blir ferdig?
kaedureddfor
02.07.2022 kl 21:09
4458
Vi får sjå om det hår troll ord😃 Går det skit, så dobler eg.
https://investornytt.no/teknisk-analyse-av-questerre-energy/
https://investornytt.no/teknisk-analyse-av-questerre-energy/
Selvfølgelig har du rett. Hyggelig for en gangs skyld å kunne gi noen medhold på Qec trådene.
børs87
01.07.2022 kl 21:13
5157
Uten nyheter er jeg redd alsjen vil bli stående stllle eller falle mer. Alt faller på nest børsmeldimg.
Fjellbris
01.07.2022 kl 17:29
5281
OPC1000 16.51 - kurs i QEC burde allerede vært kr 3-4, ex erstatning/pilot. Proof of the pudding = gode Q res fremover vil ta oss dit tror jeg, så er erstatning ren bonus😀
Redigert 01.07.2022 kl 17:30
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OPC1000
01.07.2022 kl 16:51
5329
"Ps skal betydelige avvik til ja før selskapene sender ut Profit Warning, men stort overskudd blir det."
"Men, vi kommer s kr 3-4 etter Q2"
Er det ikke et "betydelig avvik" når kursen skal doble seg basert på neste kvartalsrapport ?
"Men, vi kommer s kr 3-4 etter Q2"
Er det ikke et "betydelig avvik" når kursen skal doble seg basert på neste kvartalsrapport ?
Prewia
01.07.2022 kl 16:38
5360
Det verkar ju inte hjälpa i dagens mygel marknad vad företag tjänar,
Fjellbris
01.07.2022 kl 16:14
5394
OPC 1000 - ja og kurs er ivertfall ikke 0,5-1 nå etter siste rapporter😉 Gassprisene var i q4 i fjor samt Q1 i år ei heller i nærheten av dagens, ikke viste vi da heller at så høye blir de ivertfall ut 2024. Med økt produksjon varslet også fra QEC i år, Well you do the math😀
Ps skal betydelige avvik til ja før selskapene sender ut Profit Warning, men stort overskudd blir det.
Ps skal betydelige avvik til ja før selskapene sender ut Profit Warning, men stort overskudd blir det.
Redigert 01.07.2022 kl 16:17
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OPC1000
01.07.2022 kl 15:15
5475
Jeg ser at du har hatt store forhåpninger til kvartalsrapporten før også.
Er redd du blir skuffet igjen.
Hvis det er store avvik i en kvartalsrapport i forhold til det markedet forventer er selskapet lovpålagt å børsmelde dette.
Det omtales ofte som en "profit warning".
Er redd du blir skuffet igjen.
Hvis det er store avvik i en kvartalsrapport i forhold til det markedet forventer er selskapet lovpålagt å børsmelde dette.
Det omtales ofte som en "profit warning".
Redigert 01.07.2022 kl 15:26
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Fjellbris
01.07.2022 kl 15:04
5473
OPC 1000 10.17 - «show me the money» er det mange som tenker. Når q2 og q3 resultater tikker inn med dagens energi priser (blir knall sort EBITDA/store overskudd i et gjeldsfritt selskap) våkner nok både markedet og meglerne skal du se :-)
Redigert 01.07.2022 kl 15:06
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6710
01.07.2022 kl 13:20
5624
Dette er en mulighed, bestemt muligt, når man tjener godt på sin produktion af gas og letolie, så ville det være imod alt investering om ikke kursen i det mindste afspejler det store overskud i indtjeningen som kommer fremover.