Dagens fra Arctic:

Questerre (Buy, NOK 10): Draft regulations from Quebec authorities increase uncertainty. QEC reported this morning that the current authorities in Quebec have published draft regulations that prohibits fracking. These draft regulations are not recognised as law, but will be subject to comments, revisions and/or reversal during a 45 days consultation period, before a final decision could be made. If implemented, Questerre’s Utica shale assets will be worthless. However, QEC has communicated that this is unlikely given the fact the polls have shown that only 22% of Quebec’s population support the ban on fracking, while 60% don’t. QEC believes these draft regulations are part of a political positioning before the Quebec election first of October, rather than a direct and constructive political action. In any case, this is negative for the stock as it increases the uncertainty related to the Utica shale development.