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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MC Axel
22.06.2022 kl 22:07
16037
This is probably the reason for the significantly higher share volume in recent days😁
I think this is a major trigger!
I think this is a major trigger!
Kjempemessig.
Nå ruller ballen videre i rettsalen og politikerne vil endelig måtte stå til rette for sine beslutninger.
Legg merke til at de ber om en erstatning som er basert på verdien av forekomstene - basert på 3. parts vurderinger.
For QEC vil dette være helt enormt😀
Nå ruller ballen videre i rettsalen og politikerne vil endelig måtte stå til rette for sine beslutninger.
Legg merke til at de ber om en erstatning som er basert på verdien av forekomstene - basert på 3. parts vurderinger.
For QEC vil dette være helt enormt😀
MC Axel
22.06.2022 kl 22:29
15916
👍 yes and it's all over in the news!😁
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
MONTRÉAL, 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
MONTRÉAL, 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
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MC Axel
22.06.2022 kl 22:37
15875
This is great! Legault is fucked!😁
"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/
1013 skrev Bare rolig, Qec får kæmpe erstatning.
…. eller så må de åpne opp for utvinning.
Mest trolig scenario basert på situasjonen i olje/gassmarkedet samt størrelsen på erstatningskravet. Quebec vil ikke ha råd til å betale ut slike summer.
Mest trolig scenario basert på situasjonen i olje/gassmarkedet samt størrelsen på erstatningskravet. Quebec vil ikke ha råd til å betale ut slike summer.
MC Axel, this is fantastic news for QEC 🚀🚀👏👏
………spændende hvad tosserne PU og XL har af sjove kommentarer til den udmelding 😂
………spændende hvad tosserne PU og XL har af sjove kommentarer til den udmelding 😂
Ingen reaksjon på Canada børsen
0,21 CAD. -10%
0,21 CAD. -10%
MC Axel
22.06.2022 kl 23:24
15695
😃
The news is brand new, QEC goes up high tomorrow, just wait and see😁🚀
The news is brand new, QEC goes up high tomorrow, just wait and see😁🚀
Ser vi 2-tallet i mårra, folkens?
kimj
23.06.2022 kl 00:55
15630
Net profit per aksje er estimert til mellom 300 og 400 kr. Quebec greier ikke gi slik erstatning, derfor gis QEC tillatelse til å utvinne miljøvennlig naturgass og hydrogen med karbonlagring. For miljøets skyld, for økonomiens skyld og for å trygge Europas energiforsyning. I tillegg ville de brutt menneskerettighetene til First Nations med et forbud, så FN hadde måttet intervenere mot Quebec. Det ville selvfølgelig vært katastrofalt for forholdet mellom folkegruppene ikke bare i Quebec men i hele Canada. Dette løser seg, slapp av.
kimj
23.06.2022 kl 01:13
15592
20-tallet er selvfølgelig mer realistisk enn 2-tallet, med tanke på at Questerre eier nok gass til å forsyne hele Canada i 7 år.
6710
23.06.2022 kl 08:13
15194
QEC må gerne snart komme med sit udspil så der kan komme max Press på.
Nu hvor UR har meldt ud, så kan QEC vel snart komme med sit udspil.
Max Press på her...
Nu hvor UR har meldt ud, så kan QEC vel snart komme med sit udspil.
Max Press på her...
Tja, foreløpig ikke bonanzastemning
SirJohnny
23.06.2022 kl 09:26
14896
Denne kommer til å komme å passere tidligere topp noteringer fra forrige rally. Personlig er jeg inne i aksjen igjen, null gjelder, har blitt en pengemaskin, Québec-valg og erstatning er en gratis opsjon som potensialet kan gi 10-30X. Selskapet er positive og snart kommer det nok børsmelding om den videre prosessen og man er over 3kr på en-to-tre
Cph2500
23.06.2022 kl 09:33
14843
Just forget it..
Nothing will happen here in Quebec either compasation 😴😴😴
Nothing will happen here in Quebec either compasation 😴😴😴
Redigert 23.06.2022 kl 09:33
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Det ved knægten fra Cph2500 Happiness intet som helst om............han sidder og trader for småmønter hjemme på Nørrebro :-)
6710
23.06.2022 kl 09:45
14740
Sagsøgning i milliard klassen og snarlig valg, samt fra nationale og internationale press om energisikkerhedstiltag og at sætte egne int til side for de udfordringer som er og kommer.
Mega Press på Qeubec. Et kompromis er i sig selv milliarder værd, uanset har Quebec en dårlig sag.
Støtten fra regering til Quebec i dette spørgsmål, i en tid, hvor man skriger efter energisikkerhed og gas-leverancer må være meget lille, skulle man tro, da dette forbud ikke er i Canada, regerings interesse.
Lige pludseligt sker der ting og sager her, ligger i kortene dette.
Mega Press på Qeubec. Et kompromis er i sig selv milliarder værd, uanset har Quebec en dårlig sag.
Støtten fra regering til Quebec i dette spørgsmål, i en tid, hvor man skriger efter energisikkerhed og gas-leverancer må være meget lille, skulle man tro, da dette forbud ikke er i Canada, regerings interesse.
Lige pludseligt sker der ting og sager her, ligger i kortene dette.
kaedureddfor
23.06.2022 kl 10:49
14557
Viss markedet trodde dette var rett frem, at QEC er garantert enorm kompensasjon, så ville det vært reflektert i kurs. Så dette kan gå begge veier. Rettsak kan ta lang tid. Om det blir endringer politisk får vi sjå.
mofi1
23.06.2022 kl 11:03
14506
Det er jo derfor kursen er som den er, samtidig tjener selskapet mye penger og har økende produksjon. Da er også nedsiden liten, og oppsiden potensiell stor hvis f.eks. sannsynligheten for en stor erstatning øker eller politikernes standpunkter begynner å vakle pga et forestående valg og/eller press utenfra.
Redigert 23.06.2022 kl 11:04
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kimj
23.06.2022 kl 11:23
14424
Så du mener Canada ikke har eiendomsrett? Jeg vil gjerne ha navnet på den juristen som fortalte deg dette? Ellers kaller jeg dette rett ut løgn.
MC Axel
23.06.2022 kl 22:29
13957
Good with all the Utica media coverage. The QEC compensation claims will be gigantic
Just sit still and wait😁
https://www.naturalgasworld.com/quebec-faces-c18bn-suit-over-oil-gas-ban-99118
Just sit still and wait😁
https://www.naturalgasworld.com/quebec-faces-c18bn-suit-over-oil-gas-ban-99118
Redigert 24.06.2022 kl 01:17
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Vi er mange som har sat os til rette i båden eller skal vi kalde det for raketten 😎🚀 Take off……
Redigert 23.06.2022 kl 23:11
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MC Axel
24.06.2022 kl 01:26
13685
+2 NOK Tomorrow!!
""""""it will also be in the tens of billions to represent fair value compensation!!!!! 😁🤗🚀
In May, Calgary-based Questerre Energy, also filed a statement of claim against the legislation.
Michael Binnion, CEO of Questerre Energy, told the Western Standard their claim is seeking damages in an amount to be determined at trial, but suggested it will also be in the tens of billions to represent fair value compensation.
Binnion said his company has more than a thirty-year history in the natural gas industry in Quebec and in 2008 drilled a discovery well with 21 trillion cubic feet of gas resources on the company's 1 million acres of land in the province.
"It is by far the largest gas field in North America," said Binnion.
He said Questerre has entered into several different license agreements with the Government of Quebec over the years and has invested roughly $160 million on its contracts and exploration.
-----------------------------------
"Quebec receives $13 billion in equalization payments yet they won't let an Alberta company develop the gas they have found," said Binnion.
"And, adding injury to injury, they have expropriated our ability to develop our gas resources without fair compensation."
He also said he finds an issue with Alberta treating Quebec companies with trade fairness and investor protections," yet Quebec does not do the same for Alberta companies.
Binnion said he is aware of several other oil and gas companies that plan to also sue the Quebec government for fair-value compensation.
https://www.westernstandard.news/alberta/quebec-facing-billion-in-legal-claims-for-o-g-expropriation/article_5a854ec8-f273-11ec-9e34-1b4befa4004f.html?utm_medium=social&utm_source=twitter&utm_campaign=user-share
""""""it will also be in the tens of billions to represent fair value compensation!!!!! 😁🤗🚀
In May, Calgary-based Questerre Energy, also filed a statement of claim against the legislation.
Michael Binnion, CEO of Questerre Energy, told the Western Standard their claim is seeking damages in an amount to be determined at trial, but suggested it will also be in the tens of billions to represent fair value compensation.
Binnion said his company has more than a thirty-year history in the natural gas industry in Quebec and in 2008 drilled a discovery well with 21 trillion cubic feet of gas resources on the company's 1 million acres of land in the province.
"It is by far the largest gas field in North America," said Binnion.
He said Questerre has entered into several different license agreements with the Government of Quebec over the years and has invested roughly $160 million on its contracts and exploration.
-----------------------------------
"Quebec receives $13 billion in equalization payments yet they won't let an Alberta company develop the gas they have found," said Binnion.
"And, adding injury to injury, they have expropriated our ability to develop our gas resources without fair compensation."
He also said he finds an issue with Alberta treating Quebec companies with trade fairness and investor protections," yet Quebec does not do the same for Alberta companies.
Binnion said he is aware of several other oil and gas companies that plan to also sue the Quebec government for fair-value compensation.
https://www.westernstandard.news/alberta/quebec-facing-billion-in-legal-claims-for-o-g-expropriation/article_5a854ec8-f273-11ec-9e34-1b4befa4004f.html?utm_medium=social&utm_source=twitter&utm_campaign=user-share
kimj
24.06.2022 kl 01:34
13668
"It is by far the largest gas field in North America"
En riktig god sommer QEC aksjonærer. By far :-)
En riktig god sommer QEC aksjonærer. By far :-)
MC Axel
24.06.2022 kl 11:12
13350
🤗
God knows how high QEC will go when people realize the opportunity here! It was +30 NOK IN 2008 it will go above that this time!
God knows how high QEC will go when people realize the opportunity here! It was +30 NOK IN 2008 it will go above that this time!
Cph2500
24.06.2022 kl 11:30
13313
After Quebec fiasko Qec is no longer the same more..
We will soon see qec around 0,50 - 1 kr..
We will soon see qec around 0,50 - 1 kr..
mofi1
24.06.2022 kl 12:44
13199
Hva skyldes euforien din i dag da, er det pga av aksjen foreløpig er ned rundt ett øre? I så fall skal det lite til å glede deg, selv om det jo egentlig ikke betyr noe som helst for deg siden du verken shorter eller kjøper aksjen.
Du bør snart finne på noe annet å drive på med.
Du bør snart finne på noe annet å drive på med.
Redigert 24.06.2022 kl 12:45
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Stratego
24.06.2022 kl 12:58
13153
Qec vil sakte men sikkert bevege seg opp - i takt med utviklingen i rettssakene.
Quebec har en meget svak sak, noe som vi ser ifm. den manglende implementeringen av lovforslaget som forbyr utvinning av olje/gass i provinsen. Aksjen kan få et megabyks i løpet av sommeren/høsten når innholdet og lovanvendelsen til saksøkerene blir analysert av myndighetene - de vil ikke være i stand til å stå imot, noe som har blitt dokumentert i en tidligere rettssak.
Et sikkert kjøp med et utrolig potensiale på kort til medium sikt. Anbefales på det sterkeste.
Quebec har en meget svak sak, noe som vi ser ifm. den manglende implementeringen av lovforslaget som forbyr utvinning av olje/gass i provinsen. Aksjen kan få et megabyks i løpet av sommeren/høsten når innholdet og lovanvendelsen til saksøkerene blir analysert av myndighetene - de vil ikke være i stand til å stå imot, noe som har blitt dokumentert i en tidligere rettssak.
Et sikkert kjøp med et utrolig potensiale på kort til medium sikt. Anbefales på det sterkeste.
Du har jo helt tabt sutten og udstiller dig selv udover alle grænser i, hvor dum som du fremstår med dine vilde gætterier, som ikke er begrundet på nogen som helst måde, men fair nok med det, da folk har gennemskuet dig :-)
Du har jo helt tabt sutten og udstiller dig selv udover alle grænser i, hvor dum som du fremstår med dine vilde gætterier, som ikke er begrundet på nogen som helst måde, men fair nok med det, da folk har gennemskuet dig :-)
Cph2500
24.06.2022 kl 14:37
12928
Ja det er du også med din mere end 10 års ligegyldigt erfaring i Qec 🤣🤣🤣
Skulle den ikke opp over 2kr i dag da, bare bløffer dere…da er det bare å glede seg til neste uke da, 3,50 😂
SirJohnny
25.06.2022 kl 23:26
1155
I morgen åpner vi over 2kr, husk at det nesten ikke er grenser hvordan Questerre først går når man får volum. Mitt tips er 3,50kr i løpet av neste uke.
SirJohnny
25.06.2022 kl 23:26
1155
I morgen åpner vi over 2kr, husk at det nesten ikke er grenser hvordan Questerre først går når man får volum. Mitt tips er 3,50kr i løpet av neste uke.