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
Redigert 22.06.2022 kl 22:03 Du må logge inn for å svare
Elly
27.06.2022 kl 10:30 4794

Det er da også positivt, at du ikke længere spår 0,50 NOK :-)........især fordi, at aktien gik direkte op i 3,19 NOK, efter du havde spået 0,50 NOK ingen nytår 2021 :-) gnegg gnegg
Elly
27.06.2022 kl 10:33 4794

Nu har jeg ikke købt nogen til 3 NOK i Januar, men hvis nogen har købt til 3 NOK i Januar og er langsigtet, så er der intet at frygte, men det kan man ikke forlange, at en uerfaren knægt fra Cph2500 Happiness skal kunne forstå det.........
Redigert 27.06.2022 kl 10:34 Du må logge inn for å svare
mundus
27.06.2022 kl 11:28 4662

Ikke gidd å kommentere Cph2500 og Stievepick. De er 2 kverulanter (kanskje samme person) som bare skriver tøv. Tragisk!!!!
Cph2500
27.06.2022 kl 12:01 4569

Ligesom Mundus & Elly er den samme person 🤣🤣🤣

Nytt løft nå

1,94
+12%
Elly
27.06.2022 kl 12:34 4438

Den unge mand fra Cph2500 Happiness med det lille IQ har ikke opdaget, at mundus skriver norsk og jeg skriver dansk, men hvad kan man forlange af en mand, som ikke engang har bestået folkeskolen :-)............husk lige at kurs 1,73 pludselig blev til 1,94 og kurs 2 NOK er nu ikke langt væk :-)
Redigert 27.06.2022 kl 12:35 Du må logge inn for å svare
Cph2500
27.06.2022 kl 12:36 4415

Pump has started & waiting for dump wich can Come anytime 😎
Cph2500
27.06.2022 kl 12:38 4402

Glem ikke det er Daytraders som styrer showet igen..
Så dump kan vende hurtigt tilbage igen 😎
Elly
27.06.2022 kl 12:47 4333

Det ændrer ikke på, at du er dummere end pap og at kurs 1 NOK er langt væk :-)
Nummer20
27.06.2022 kl 13:08 4242

Det heter gevinstsikring, Cph2500. Trenden er uansett god, mulig markedet begynner å bli enige med oss som mener aksjen er billig under 2 kr? Jeg tror det.
MC Axel
27.06.2022 kl 13:32 4109

This is better than a lottery ticket, this can give you money tens of times back! 😁

Hold buy and get rich🤗
sigj2
27.06.2022 kl 13:40 4067

Hvorfor du si under krona etter sommeren cph??
Æ har tapt ei gru på deg.
Hvorfor har du samme nick?
Så flaut
Cph2500
27.06.2022 kl 13:50 4008

Rolig nu
Sommeren er ikke slut endnu ..
Jeg gentager igen under 1 kr inden sommeren slut..
Z4
27.06.2022 kl 13:51 4025

Hvor gammel er du? 8 ?
comedian
27.06.2022 kl 14:48 3922

ORLEN’s acquisition of Questerre’s JV partner in October 2015 (WTI USD 46/bbl), valued QEC’s 25% stake alone to NOK 2.0/share (after deducting for net debt).
Todays price @ USD 100/bbl, you do the math!
Nummer20
27.06.2022 kl 15:35 3809

Det er slike verdier jeg mener ikke gjenspeiles i kursen pr nå. QEC har vel ikke produsert som i dag og med slike inntekter noen gang. Kontroll på gjeld også. Egentlig kan QEC bare lene seg tilbake, produsere 2000+ boe/d (2500 i løpet av H2), ta erstatningen, og smile hele veien til banken.
Elly
27.06.2022 kl 16:30 3655

Der er ikke meget "pump & dump" over en aktie, som er steget 40% den seneste måned, så igen udstiller du dig selv, din klaphat :-)......flot stigning igen i dag iøvrigt:-)
Z4
27.06.2022 kl 16:30 3700

Rene barnehagen her inne. Flaut.
mundus
27.06.2022 kl 17:27 3541

Enig Z4. Pinlig flaut.
OPC1000
27.06.2022 kl 17:43 3474

De som ønsker aksjen ned ville ikke fremstått så "dumme" hvis ikke aksjen gikk så mye opp.

Jeg har ingenting prinsipielt imot emojier, men den type bruken som "Aksjen skal ned 😂😂😂" gjentatte ganger uten begrunnelse er så useriøst at jeg sliter med å forstå hensikten bak.

Jeg er relativt ny til questerre, men jeg synes den er lovende selv om de ikke skulle få den enorme erstatningen de håper på.

Jeg håper det blir mer konstruktiv kritikk fremover, men da håper jeg kanskje på mye.
Elly
27.06.2022 kl 17:53 3434

Oppe med 20% i Canada nu med hvad der svar til 2.04 NOK på Oslo Børsen 👍

Nei. Jeg skulle ha solgt og valgte å holde. Den har fått juling over lang tid nå. Fikk en ørliten fortjeneste, men det kan virke som det er en stund til noe skjer der. Tenker meg igjen i løpet av året en gang.
sigj2
27.06.2022 kl 20:11 3070

Rammer lett 2kr sooon,ikke hør på løgnerne.makan til klovner.🤡
Elly
27.06.2022 kl 20:48 2955

Ja, som nævnt tidligere i dag, så rammer vi 2 NOK allerede i denne uge og det stopper jo langt fra her. QEC er møgbillig på dette niveau og selv XL ved godt, hvad klokken har slået 😂

Den skulle jo ikke under 2kr igjen men over 3kr…..husker du Elly 😂
1013
27.06.2022 kl 21:26 2829

Måske du skulle sætte dig ind i aktien inden du solgte. Rekord indtjening forlig om erstatning. Alt sammen inden for de næste 3 måneder. Kursen kommer kun til at gå en vej og det er op.
6710
27.06.2022 kl 21:37 2795

Denne mente ikke QEC men anden aktie.
Elly
27.06.2022 kl 22:03 2680

3 NOK er jo næste stop og du ved det godt 😎 MEN den kom aldrig i 0,50 NOK, som du ellers lovede….husker du, Steviewonderpick 🤷‍♂️🤩
Redigert 27.06.2022 kl 22:47 Du må logge inn for å svare
Mulla3
27.06.2022 kl 22:41 2506

17% opp i kanada i kvell
Elly
27.06.2022 kl 23:14 2346

Ja, en stigning på 40% den sidste måned kaldes for “pump & dump” 😂 Du er dummere end pap og det beviser du så lige igen 😉👏
OPC1000
27.06.2022 kl 23:20 2322

Hva sier du hvis du tar feil ?
Finner på noe annet vrøvl.
MC Axel
27.06.2022 kl 23:56 2218

Utica Resources won their first case in court and I think they will win again, although I think the Quebec government will reach a settlement


The government of Quebec Premier Francois Legault, left, faces a lawsuit for its legislation — Bill 21 — described as an act “to end petroleum exploration and production.” PHOTO BY JACQUES BOISSINOT /THE CANADIAN PRESS

n what is shaping up as the first major legal confrontation over government plans to shut down fossil fuel industries in Canada, Montreal-based Utica Resources this week filed a 114-page suit against the Quebec government demanding $18-billion in compensation.

😁
Another company with major gas reserves in the province, Calgary’s Questerre Energy, is also moving forward with legal action seeking multi-billion-dollar compensation. Michael Binnion, Questerre CEO, describes the Quebec shutdown of fossil fuels as worse than expropriation. “I call it confiscation,” he said in an interview. Statistically, he said, “half the Russian exports of gas to Germany could be replaced by our discovery in Quebec.” He said Questerre holds 21 trillion cubic feet (tcf) in resources. A rough rule is that each tcf is worth $1-billion for a total of $21-billion.

Quebec is fucked!😯

""""""""""""An unofficial English translation of the 114-page Utica lawsuit documents the role the government played in supporting the exploration activity. In 2019 the province’s energy department boasted about the potential. “Eventual production of hydrocarbons in Quebec would reduce imports and improve the balance of trade. This creation of wealth and jobs could be used to the benefit of Quebecers.”"""""""

Backed by activists, the province then abandoned the industry and converted to a full-bore net-zero carbon emissions program. The cost of that conversion could be high if the courts support the legal arguments of the industry. Utica describes the fossil fuel shutdown as a breach of Quebec’s charter of rights and civil code, which requires compensation when property rights are violated.

A good point! 👍

As Levesque put it: “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.”

 
https://stockhouse.com/companies/bullboard/t.qec/questerre-energy-corporation?postid=34785749


Redigert 28.06.2022 kl 01:19 Du må logge inn for å svare
MC Axel
28.06.2022 kl 01:22 2141

I especially like this sentence 🤗 I hope you all can see the significance in this!!!😁

""""""""""""An unofficial English translation of the 114-page Utica lawsuit documents the role the government played in supporting the exploration activity. In 2019 the province’s energy department boasted about the potential. “Eventual production of hydrocarbons in Quebec would reduce imports and improve the balance of trade. This creation of wealth and jobs could be used to the benefit of Quebecers.”"""""""
MC Axel
28.06.2022 kl 09:31 1840

QEC should be +3 NOK a long time ago, based only on the oil and gas price😁 It will come soon!

And with billions in compensations it hard to say how high 30 NOK
mofi1
28.06.2022 kl 09:52 1762

Angående størrelsen på erstatningen er sannsynligheten for hvilken lovanvendelse som vil kunne komme til anvendelse, helt avgjørende. Siden Utica Resourses leder an blir det svært spennende å se hva myndighetene svarer og hvordan juristene vurderer dette med f.eks. «Fair value» eller realismen i å kunne bli fullt ut kompensert for nåverdiene i bakken.

Det er interessant at Binnion mener dette er verre enn ekspropiasjon, og kaller det en overtakelse.
Redigert 28.06.2022 kl 10:00 Du må logge inn for å svare