QEC - Premier Legault makes an historic error
It's spot on
Highlights from the article:
"now expect the Government of Quebec to act fairly and to quickly compensate, at fair market value"
"Expropriation without fair compensation would have devastating effects on Quebec's reputation with international investors whose capital is essential to Quebec's economic development"
"Premier Legault makes an historic error. Now he must ensure fair compensation for expropriated companies
October 20, 2021, 4:13 pm
Quebec, Oct. 20, 2021 /CNW Telbec/ - The announcement by the Quebec government that it plans to ban the exploration and production of hydrocarbons on its territory represents an historic error that will cost Quebecers dearly.
"This decision is all the more ironic in that the Premier is offering Quebecers an economic nationalism that encourages the production and purchase in Quebec of the goods we consume. I agree with Premier Legault on this subject: producing in Quebec is a win for Quebec. This is also true for oil and natural gas. Especially since the natural gas deposit of the St. Lawrence Lowlands could easily meet all our consumption needs, which makes it possible to enrich Quebec and create high-quality jobs while contributing to reducing the GHGs associated with importing natural gas from the United States and Westen Canada," declared the president of Utica Resources, Mr. Mario Lévesque.
"Premier Legault also said yesterday that the pandemic has shown the risk of being dependant for the supply of certain products. In this context, why continue to import the oil and natural gas we consume rather than producing the large deposit right under our feet?" continued Mr. Lévesque.
Fair compensation for expropriated companies
"While we strongly disagree with the Premier's decision and think it's very bad for Quebec, we now expect the Government of Quebec to act fairly and to quickly compensate, at fair market value, the expropriated companies that held rights in Quebec. Expropriation without fair compensation would have devastating effects on Quebec's reputation with international investors whose capital is essential to Quebec's economic development. It would also be contrary to Quebec legislation, which presupposes a compensation at a minimum of fair market value in the event of expropriation. How could it be otherwise? How could anyone whose business or house has been expropriated not be offered at least fair market value compensation by the government?" finally declared Mr. Lévesque.
About Utica Resources
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.
SOURCE Ressources Utica
Cision"
https://ca.movies.yahoo.com/premier-legault-makes-historic-error-151300652.html
Highlights from the article:
"now expect the Government of Quebec to act fairly and to quickly compensate, at fair market value"
"Expropriation without fair compensation would have devastating effects on Quebec's reputation with international investors whose capital is essential to Quebec's economic development"
"Premier Legault makes an historic error. Now he must ensure fair compensation for expropriated companies
October 20, 2021, 4:13 pm
Quebec, Oct. 20, 2021 /CNW Telbec/ - The announcement by the Quebec government that it plans to ban the exploration and production of hydrocarbons on its territory represents an historic error that will cost Quebecers dearly.
"This decision is all the more ironic in that the Premier is offering Quebecers an economic nationalism that encourages the production and purchase in Quebec of the goods we consume. I agree with Premier Legault on this subject: producing in Quebec is a win for Quebec. This is also true for oil and natural gas. Especially since the natural gas deposit of the St. Lawrence Lowlands could easily meet all our consumption needs, which makes it possible to enrich Quebec and create high-quality jobs while contributing to reducing the GHGs associated with importing natural gas from the United States and Westen Canada," declared the president of Utica Resources, Mr. Mario Lévesque.
"Premier Legault also said yesterday that the pandemic has shown the risk of being dependant for the supply of certain products. In this context, why continue to import the oil and natural gas we consume rather than producing the large deposit right under our feet?" continued Mr. Lévesque.
Fair compensation for expropriated companies
"While we strongly disagree with the Premier's decision and think it's very bad for Quebec, we now expect the Government of Quebec to act fairly and to quickly compensate, at fair market value, the expropriated companies that held rights in Quebec. Expropriation without fair compensation would have devastating effects on Quebec's reputation with international investors whose capital is essential to Quebec's economic development. It would also be contrary to Quebec legislation, which presupposes a compensation at a minimum of fair market value in the event of expropriation. How could it be otherwise? How could anyone whose business or house has been expropriated not be offered at least fair market value compensation by the government?" finally declared Mr. Lévesque.
About Utica Resources
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.
SOURCE Ressources Utica
Cision"
https://ca.movies.yahoo.com/premier-legault-makes-historic-error-151300652.html
Redigert 21.10.2021 kl 11:04
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Ja, det må jeg si er en god sammenligning 😁 Equinor og AkerBp har gått bra opp med oljeprisen og er vel nær ATH, det samme kan vel ikke akkurat sies om Qec. Hausera klamret seg til siste halmstrået og ser på alt som positivt, dere er som orkesteret på Titanic .
Jensi
23.10.2021 kl 08:54
4637
ja , Først skal de lige have pengene fra de andre Provinser .............
skal man grine eller græde ?
skal man grine eller græde ?
6710
23.10.2021 kl 10:20
4523
Jason nævner kun erstatning for resurser men der er ikke inddraget den erstatning(millioner) man har inden inden tilladelsen til udvinding blev indraget.
Så vi snakker om 2 sæt erstatning hvis man lukker ned for udvinding af QECs områder.
Så vi snakker om 2 sæt erstatning hvis man lukker ned for udvinding af QECs områder.
sheepman
23.10.2021 kl 10:28
4500
Det blir ingen erstatning. Qec har heller ikke søkt om erstatning etter at forskriften om forbud kom for noen år siden (fordi de antagelig ikke kan kreve dette). I stedet har qec brukt masse penger på sin såkalte cleantech. Huff
6710
23.10.2021 kl 10:30
4491
Forskellen her om man har fået tilladelse til at lede efter resurser eller modtaget tilladelse til at udvinde resurser.
Hvis man bare kan lovgive sig bort fra dette stadie hvor man får klar tegn til at start op produktion, vil man overhoved ikke have sikkerhed i sine investering uanset hvilken område man inv.
Det siger sig selv det går ikke.
Retstat gælder for begge parter hvor begge parter kan lave kompromiser.
Det er helt uden tvivl sikkert QEC modtager erstatning hvis det kommer dertil.
Hvis man bare kan lovgive sig bort fra dette stadie hvor man får klar tegn til at start op produktion, vil man overhoved ikke have sikkerhed i sine investering uanset hvilken område man inv.
Det siger sig selv det går ikke.
Retstat gælder for begge parter hvor begge parter kan lave kompromiser.
Det er helt uden tvivl sikkert QEC modtager erstatning hvis det kommer dertil.
Redigert 23.10.2021 kl 10:41
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6710
23.10.2021 kl 10:37
4476
Det passer ikke. Retssagen er sat på pause da man ventede på udspil myndigheder.
Hvor har du så travlt med at skrive usandheder . Du er vel ikke PU i forklædning? 🤔😊😉
Hvor har du så travlt med at skrive usandheder . Du er vel ikke PU i forklædning? 🤔😊😉
tuja
23.10.2021 kl 11:19
4402
Skivebom deluxe. QEC satte rettsaken på pause, for å se om de fikk tillatelse pilot. Og hvorfor bry dere om QEC får erstatning? Dere er ikke inne i aksjen. Og ja, erstatning kommer. Og Jason skriver at en videre avklaring kommer til jul, kanskje før. Når verdien av Kakwa og Montney mer enn forsvarer dagens kurs, blir erstatningen en meget fin bonus for de med inngang lavere enn 3-4 kr. Og så har de inne søknad om karbonlagring. Om Quebec ikke vil utvinne fossil energi, kan de lagre CO2 fra andre provinser. Og QEC har ett område på 1mill acres til rådighet.
SLUTT Å SKRIVE USANNHETER. DET VISER BARE AT DU IKKE HAR PEILING:
SLUTT Å SKRIVE USANNHETER. DET VISER BARE AT DU IKKE HAR PEILING:
MC Axel
23.10.2021 kl 19:34
4137
I would not be surprised if you don't know who François Legault is? He is the political leader of Quebec
"
""""""
François Legault says he is ready to untie the purse strings to fulfill his promise to ban the exploitation of hydrocarbons in Quebec. But the Prime Minister does not know how much it will cost."""""""
And here is the link
https://new.in-24.com/News/amp/271125
"
""""""
François Legault says he is ready to untie the purse strings to fulfill his promise to ban the exploitation of hydrocarbons in Quebec. But the Prime Minister does not know how much it will cost."""""""
And here is the link
https://new.in-24.com/News/amp/271125
Redigert 23.10.2021 kl 19:39
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Ja, det kommer kanskje en avklaring. Men en avklaringer er ikke ensbetydende med erstatning. Fatter du ikke såpass?
MC Axel
23.10.2021 kl 19:59
4086
Finally, someone who understands how the Compensation Act works
I often wonder how people cope in everyday life when they have such a small understanding of even ordinary basic things
I often wonder how people cope in everyday life when they have such a small understanding of even ordinary basic things
MC Axel
23.10.2021 kl 20:02
4078
Just as expected, you can't read
I would not be surprised if you don't know who François Legault is? He is the political leader of Quebec
"
""""""
François Legault says he is ready to untie the purse strings to fulfill his promise to ban the exploitation of hydrocarbons in Quebec. But the Prime Minister does not know how much it will cost."""""""
And here is the link
https://new.in-24.com/News/amp/271125
I would not be surprised if you don't know who François Legault is? He is the political leader of Quebec
"
""""""
François Legault says he is ready to untie the purse strings to fulfill his promise to ban the exploitation of hydrocarbons in Quebec. But the Prime Minister does not know how much it will cost."""""""
And here is the link
https://new.in-24.com/News/amp/271125
sheepman
24.10.2021 kl 05:31
3783
Dette blir det bare problemer av. Ligg unna! Kan ta årevis før dette blir avklart
tynnidioten
24.10.2021 kl 09:24
3622
Noen ganger må man komme seg videre, Elly, og ikke bli sittende i en hengemyr.
Jeg har tid og penge nok til at vente på en erstatning, hvis det bliver sidste løsning.
tynnidioten
24.10.2021 kl 10:06
3545
Du må forstå at en erstatning er helt usannsynlig.
Man skal ikke være investert i aksjer med håp om erstatning etter at alt har gått galt.
Man skal ikke være investert i aksjer med håp om erstatning etter at alt har gått galt.
tynnidioten
24.10.2021 kl 10:31
3481
MC Axel skrevInnlegget er slettet
Why the drop in shareprice?
Redigert 24.10.2021 kl 10:31
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tuja
24.10.2021 kl 11:52
3375
Satser nok pengene mine på Jason, kontra ett nick på HO ala Hedningen. Skal tro hvem som er nærmest prosessen. Og klart det kommer erstatning. Spørsmålet blir størrelsen, ikke om.
JASON,D.SILVA :
"Based on the comments from the Premier, they are looking at compensation the could range between our costs of $150-160 million to the current value of our resources. We should hear something by Christmas and possibly as early as the COP conference next month.
JASON,D.SILVA :
"Based on the comments from the Premier, they are looking at compensation the could range between our costs of $150-160 million to the current value of our resources. We should hear something by Christmas and possibly as early as the COP conference next month.
sheepman
24.10.2021 kl 22:14
3013
Ser for øvrig at qec har balanseført verdier på ca 110 m cad for quebec. Dette må sannsynligvis nedskrives ytterligere/heftig nå. Da blir det ikke mye igjen, altså folkens
1013
24.10.2021 kl 22:19
2992
Papirs penge har intet at sige om værdien af qec. kakwa north kommer lige om lidt og så tjener qec over 200 millioner norske pr, år.
MC Axel
25.10.2021 kl 19:52
2761
For those who have a hard time grasping it
MC Axel
I dag kl 19:11
103
This should be the answer to everyone's doubts
"Expropriation of oil and gas companies: Quebec must respect its own legislation and pay fair value Français
NEWS PROVIDED BY
Ressources Utica
Oct 25, 2021, 10:31 ET
QUEBEC, Oct. 25, 2021 /CNW Telbec/ - The government of Quebec has just announced its intention to expropriate the rights of companies which, in good faith and strongly encouraged by the government, have over the decades invested several hundred million dollars in Quebec. These investments notably led to the discovery of the Utica Shale, a huge gas field that could meet Quebec's consumption needs for more than a hundred years and whose value of gas is calculated in the hundreds of billions of dollars.
"""""Expropriation and property laws are clear that fair value must be paid
The Hydrocarbon Act makes it clear that the rights are real property rights as described in the Chapter H-4.2. Division II.""""
IMMOVABLE REAL RIGHTS 2016, c.35, a 23
15. The exploration, production and storage rights conferred by a licence and the right to produce brine conferred by an authorization are immovable real rights.
Further, the laws of Quebec are clear on expropriation. Here are extracts from the Civil Code of Quebec and the Expropriation Act:
Civil Code of Quebec, CQLR c CCQ-1991
952. The owner cannot be forced to cede his property, except by means of expropriation made in accordance with the law for a cause of public utility and in return for fair and prior compensation.
Expropriation Act, CQLR c E-24
58. Compensation is set on the basis of the value of the expropriated property and the damage directly caused by the expropriation."
https://www.newswire.ca/news-releases/expropriation-of-oil-and-gas-companies-quebec-must-respect-its-own-legislation-and-pay-fair-value-822663894.html
https://finance.yahoo.com/news/expropriation-oil-gas-companies-quebec-143100368.html
MC Axel
I dag kl 19:11
103
This should be the answer to everyone's doubts
"Expropriation of oil and gas companies: Quebec must respect its own legislation and pay fair value Français
NEWS PROVIDED BY
Ressources Utica
Oct 25, 2021, 10:31 ET
QUEBEC, Oct. 25, 2021 /CNW Telbec/ - The government of Quebec has just announced its intention to expropriate the rights of companies which, in good faith and strongly encouraged by the government, have over the decades invested several hundred million dollars in Quebec. These investments notably led to the discovery of the Utica Shale, a huge gas field that could meet Quebec's consumption needs for more than a hundred years and whose value of gas is calculated in the hundreds of billions of dollars.
"""""Expropriation and property laws are clear that fair value must be paid
The Hydrocarbon Act makes it clear that the rights are real property rights as described in the Chapter H-4.2. Division II.""""
IMMOVABLE REAL RIGHTS 2016, c.35, a 23
15. The exploration, production and storage rights conferred by a licence and the right to produce brine conferred by an authorization are immovable real rights.
Further, the laws of Quebec are clear on expropriation. Here are extracts from the Civil Code of Quebec and the Expropriation Act:
Civil Code of Quebec, CQLR c CCQ-1991
952. The owner cannot be forced to cede his property, except by means of expropriation made in accordance with the law for a cause of public utility and in return for fair and prior compensation.
Expropriation Act, CQLR c E-24
58. Compensation is set on the basis of the value of the expropriated property and the damage directly caused by the expropriation."
https://www.newswire.ca/news-releases/expropriation-of-oil-and-gas-companies-quebec-must-respect-its-own-legislation-and-pay-fair-value-822663894.html
https://finance.yahoo.com/news/expropriation-oil-gas-companies-quebec-143100368.html
Redigert 25.10.2021 kl 19:54
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sheepman
25.10.2021 kl 20:33
2688
Det er bare det at de ikke har lov til å utvinne denne gassen. Det hevdes derfor at man ikke trenger å gi kompensasjon. I tillegg jobbes det nå med en ny lov for å hindre nettopp dette. Når det gjelder Lowlands, så har det vært forbud der i årevis.....
tuja
25.10.2021 kl 20:42
2666
Slik er det, og slik blir det. Erstatning skal utbetales. Spørsmålet er størrelsen. Minimum 150mill usd, maksimum....???.
Hjelper lite for Qec. Gass går rett opp og Qec rett ned ! I I bakken er gassen null verdt !
tuja
25.10.2021 kl 22:02
2464
De får betalt for det de produserer, og erstatning for det som blir i bakken. Vinn-vinn. Blir fort 4-5-6 kr pr aksje, inkludert produserende felt. Er 500% oppgang det. Absolutt en god risk-reward.
sheepman
25.10.2021 kl 23:12
2325
bra du fortsatt har troa... Men hugs at du kan tape nesten alt, her.......
For noe tullprat ! Binna rømmer snart skuta og du sitter igjen å spiller piano på dekk !
njn-
26.10.2021 kl 01:03
2205
Du har ikke mye rede på jus.
La oss ta det til et personlig sak:
Du kjøper en eiendom med alle rettigheter til å bebygge på tomten, ut i fra reguleringsplaner gitt av kommunen. Kommunen godkjenner plan og tegninger å krever inn alle avgifter til stat og kommune.
Du engasjerer arkitekt og innhenter pris fra entreprenører. Det blir igangsatt arbeider på tomten, så kommer kommunen med krav om ekspropriasjon, da det blir en ny reguleringsplan som forbyr å bygge på din tomt.
Hva vil du kreve av erstatning?
Hva sier loven om erstatning? Quebec eller Canada.
Quebec kan ikke komme i etter tid med nye lover, uansett hvordan de utformer de som har tilbakevirkende kraft.
Dette er internasjonale regler for dette.
Quebec må nok betale i.h.t. de lover som er vedtatt.
Dette er simpel jus.
La oss ta det til et personlig sak:
Du kjøper en eiendom med alle rettigheter til å bebygge på tomten, ut i fra reguleringsplaner gitt av kommunen. Kommunen godkjenner plan og tegninger å krever inn alle avgifter til stat og kommune.
Du engasjerer arkitekt og innhenter pris fra entreprenører. Det blir igangsatt arbeider på tomten, så kommer kommunen med krav om ekspropriasjon, da det blir en ny reguleringsplan som forbyr å bygge på din tomt.
Hva vil du kreve av erstatning?
Hva sier loven om erstatning? Quebec eller Canada.
Quebec kan ikke komme i etter tid med nye lover, uansett hvordan de utformer de som har tilbakevirkende kraft.
Dette er internasjonale regler for dette.
Quebec må nok betale i.h.t. de lover som er vedtatt.
Dette er simpel jus.
Vardes
26.10.2021 kl 07:15
2060
Tydeligvis så er det noen her på forumet som må ha det inn med teskje😊
Her er det bare å sitte rolig å vente på milliard erstatninger, vanskelig å komme utenom det.
Her er det bare å sitte rolig å vente på milliard erstatninger, vanskelig å komme utenom det.
Ja,,dette har du sikkert greie på. Et velbegrunnet innlegg forresten 😂😂
tuja
26.10.2021 kl 08:15
1947
Vel talt. Men gutta boys kverulerer kun for at de vil kjøpe lavere. Slik er det allid. Men QEC har krav på erstatning. Ingen tvil om det. Samt at folk skyver under stolen at QEC nå faktisk tjener gode penger med dagens produksjon. Og fra neste år økes den med 2 50-50 brønner. Og så venter de på svar på søknaden om karbonlagring.
QEC har verdier på mange kroner pr aksje. Så her er det bare å sitte i ro, eller akkumulere.
QEC har verdier på mange kroner pr aksje. Så her er det bare å sitte i ro, eller akkumulere.