Questerre Energy

Mike's Blog

Mar
01

Drive-by shootings

Professional protesters in Quebec aim at big oil companies in their drive-by shootings. But who are they really targeting? Stock charts show that the companies most committed to Quebec are most hurt by the protesters. Their invisible victims are the communities and people who did not get jobs in Quebec because of the slowdown in activity. If this continues, by the time the Utica is developed there won't be any Quebec-focused companies left. The chart below shows Talisman and Forest are flourishing while demonstrating the decline in stock price over the past year of three gas companies with a Quebec focus - Gastem, Junex and Canadian Quantum.

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