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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Bullerbasse
30.06.2022 kl 23:17
2732
Er det Facebook det her eller er det et Forum hvor man prøver på en saglig måde at debatterer “fremtiden” angående En aktie??? Dette gælder i øvrigt fra både den positive og negative stemte side.
Beslutningsprocesserne på verdensplan vedrørende den fremtidige energistruktur ER i gang og ingen af os kan benægte at landende selvfølgelig kommer til at tage en beslutning meget snart. Spørgsmålet er hvad de kommer frem til og helt ærligt, der er INGEN inklusiv mig selv herinde på forummet som ved det. Og hvis vi gjorde brugte vi ikke vores tid herinde , men på Wall street.
Mit råd er: Læs selskabets sidste 5 årsregnskaber + ledelsesberetninger, tænk dig om inden du investerer, hver sikker på at du har råd til at fortsætte dit liv uden de penge du investerer for du kan tabe det hele.
Hvis du tror på QEC = Invester
Hvis du ikke tror på QEC = Lad være med at invester
Beslutningsprocesserne på verdensplan vedrørende den fremtidige energistruktur ER i gang og ingen af os kan benægte at landende selvfølgelig kommer til at tage en beslutning meget snart. Spørgsmålet er hvad de kommer frem til og helt ærligt, der er INGEN inklusiv mig selv herinde på forummet som ved det. Og hvis vi gjorde brugte vi ikke vores tid herinde , men på Wall street.
Mit råd er: Læs selskabets sidste 5 årsregnskaber + ledelsesberetninger, tænk dig om inden du investerer, hver sikker på at du har råd til at fortsætte dit liv uden de penge du investerer for du kan tabe det hele.
Hvis du tror på QEC = Invester
Hvis du ikke tror på QEC = Lad være med at invester
Redigert 30.06.2022 kl 23:20
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Peter Sellers
30.06.2022 kl 22:03
2580
Innlegget er slettet
@Skjulen, igjen et person angrep på en som ikke mener at kursen skal opp, maken til barnehage her inne skal en lete lenge etter. Så fort det står noe i media i Canada vedr gass og olje ja da er det Qec sin tur som skal til himmelen igjen, kanskje på tide med litt mer nøkternhet og heller glede seg over de dagen kursen går noen % opp og ikke messe om 30kr osv, så fort kursen spretter 10% ja da er det som regel en som vet noe vi andre ikke vet og halleluja, dollar tegn osv!!
OPC1000
30.06.2022 kl 21:59
2832
I.m waiting, MC Axel.
Are all your positive comments nothing but empty words ?
Are all your positive comments nothing but empty words ?
De to foregående dagene har også vært svake. Lite kjøpsvilje og jevnt salgspress gjennom børsdagen. Jeg tror ihvertfall at oppstyret er over for denne gang og vi skal videre sydover.
Sosekopp 1
30.06.2022 kl 17:48
3043
Ja det er litt av ett show på Qec trådene;-).
Vi får se hvordan det politiske angående gass til Europa utvikler seg fremover, spennende tider er det uansett.
Hilsen Sosekopp 1
Vi får se hvordan det politiske angående gass til Europa utvikler seg fremover, spennende tider er det uansett.
Hilsen Sosekopp 1
mofi1
30.06.2022 kl 16:48
3082
Børsen er ned godt over 2% og Qec ned 7 øre på relativt lavt volum, det vitner ikke om stor frykt.
sigj2
30.06.2022 kl 16:24
3122
Feriepenger imorra,guuudjaja....skal ha litt til imorra.må bare holde seg her.🤑🤑🤑🤑🤑🤑🤑🤑🤑
Grådigheten herjet for få dager siden, nå er det frykten som har overtatt.
Standardutvikling i Qec.
Standardutvikling i Qec.
OPC1000
30.06.2022 kl 16:06
3006
Elly skrev at den skulle over 2 denne uken.
Ikke at den skulle holde seg over 2.
Ikke at den skulle holde seg over 2.
Bare i morgen igjen for å komme over 2kr……skal vel holde hardt Elly. Det vi har sett ellers er pump and dump, den bør vel holde seg over 2kr når det også er grisebillig… markedet tar nok feil
OPC1000
30.06.2022 kl 15:46
3018
Please explain.
Last time when SB1M released a buy reccomendation with target NOK 4-10 ?
Last time when SB1M released a buy reccomendation with target NOK 4-10 ?
Redigert 30.06.2022 kl 15:47
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BIF78
30.06.2022 kl 10:57
3179
Ja, jeg bliver ikke overrasket, hvis den snart (måske allerede næste uge), vil stikke af op mod 3 kr., selvom det generelle markedsbillede taler imod.
MC Axel
29.06.2022 kl 14:02
3477
QEC share is cheap, it' priced the same as when oil and gas was at a record low😁
MC Axel
29.06.2022 kl 03:27
3814
The price of oil is rising again😁 and the compensation will be gigantic🤗
Buy, hold and wait and get rich
Buy, hold and wait and get rich
0,50 🤩
Og enda lengre vekk fra 30kr som du har sagt 😂
Fjellbris
28.06.2022 kl 19:25
4206
For en gjeng og for noen innlegg og for en kunnskap. I tillegg er disse skribenter som har ropt ulv ulv og messet om kurs 0,5-1 totalt blottet for ydmykhet og selvinnsikt. Her sitter vi altså nå og opplever kurs 100-150% over disse kursmål og alikevell skriver de vider som intet har skjedd…
Null komma null null respekt, helt talentløst rett og slett å bruke så mye tid her inne på svada - burde vært kaster ut av HO for spam.
QEC forsvarer som alle som kan regne kurs rundt kr 3 med dagens produksjon og energipriser, selskapet er gjeldsfritt og så er det en enorm bonus og oppside mtp erstatning og eventuelt pilot, og markedet begynner nå å våkne…
Null komma null null respekt, helt talentløst rett og slett å bruke så mye tid her inne på svada - burde vært kaster ut av HO for spam.
QEC forsvarer som alle som kan regne kurs rundt kr 3 med dagens produksjon og energipriser, selskapet er gjeldsfritt og så er det en enorm bonus og oppside mtp erstatning og eventuelt pilot, og markedet begynner nå å våkne…
Redigert 28.06.2022 kl 19:27
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Lad os som sagt se, hvem der ler sidst 😉 Uanset hvad kursen gør i morgen eller næste uge, så peger pilen op for QEC og vi er nu laaaaaaangt væk fra 0,50 NOK 😂
Ja sikkert, følger nok etter det vi ser i Canada i kveld som du sier 😳🫣
OPC1000 skrev Skal den ikke under 1? Har du ombestemt deg ?
Går bra i Toronto for dere som er opptatt av det.
OPC1000
28.06.2022 kl 19:02
4317
Cph2500 skrev & now 1,94 Later 1- 1,50 👍 nkr 🤣
Skal den ikke under 1?
Har du ombestemt deg ?
Har du ombestemt deg ?
Carlsen73
28.06.2022 kl 18:58
4333
Cph2500 skrev & now 1,94 Later 1- 1,50 👍 nkr 🤣
Det er en relativt ligegyldig detalje. Men hos mig siger kursen altså 1,95.
Cph2500
28.06.2022 kl 18:43
4395
Jensi skrev First 3.- Then 30.- then 300 !!!! 👍💲
& now 1,94
Later 1- 1,50
👍 nkr
🤣
Later 1- 1,50
👍 nkr
🤣
Jensi
28.06.2022 kl 18:11
4467
panamajack skrev A big cup with handle. 30 NOK. https://invst.ly/yf9zm
First 3.-
Then 30.-
then 300 !!!!
👍💲
Then 30.-
then 300 !!!!
👍💲
OPC1000
28.06.2022 kl 16:25
4678
Da har vi ventet og sett (jeg tar det på norsk).
Vi venter alle spent på din (bort) forklaring ?
Blir du aldri flau ?
Vi venter alle spent på din (bort) forklaring ?
Blir du aldri flau ?
mofi1
28.06.2022 kl 09:52
3564
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.
Det er interessant at Binnion mener dette er verre enn ekspropiasjon, og kaller det en overtakelse.
Redigert 28.06.2022 kl 10:00
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MC Axel
28.06.2022 kl 09:31
3642
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
And with billions in compensations it hard to say how high 30 NOK
MC Axel
28.06.2022 kl 01:22
3943
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.”"""""""
""""""""""""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
27.06.2022 kl 23:56
4020
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
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
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Ja, en stigning på 40% den sidste måned kaldes for “pump & dump” 😂 Du er dummere end pap og det beviser du så lige igen 😉👏
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
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1013
27.06.2022 kl 21:26
4626
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.
Den skulle jo ikke under 2kr igjen men over 3kr…..husker du Elly 😂
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 😂
IncognitoPamda
27.06.2022 kl 18:06
5178
Mulla3 skrev tjent godt i abt?
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.
Oppe med 20% i Canada nu med hvad der svar til 2.04 NOK på Oslo Børsen 👍
IncognitoPamda
27.06.2022 kl 17:49
5246
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.
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.
OPC1000
27.06.2022 kl 17:43
5271
De som ønsker aksjen ned ville ikke fremstått så "dumme" hvis ikke aksjen gikk så mye opp.