SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canadian Oil & Gas Companies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: HAZ who wrote (4152)11/17/1997 10:21:00 AM
From: HAZ  Read Replies (1) of 24920
 
Kerm / All / Q Energy

Q Energy is the remains (33,000 undeveloped acres + 100 bls/d ) from the sale of NuGas Energy to Taragon Energy during this past summer.

I received 3.60 cash plus 1 share of Q Energy for every share of Nugas. I really haven't analyzed this stock yet and I don't think there is much to analyze, Q3 will be out shortly but the numbers are meaningless since there was only 2 weeks of production in Q3.

I have decided to keep my shares of Q Energy and maybe add to them for these reasons ;

1 - I made a nice profit on the cash portion of the Taragon offer that I don't mind losing this portion (let it ride mentality, my gambling instincts)

2 - The management of NuGas including Nugas president Peter Malencia are now running Q Energy. Their track record at Nugas was impressive.

3 - Major shareholder Windsor Energy is also keeping their shares of Q Energy (Windsor owned approx. 15 - 20 % of Nugas and made a nice profit from the takeover).

4 - Taragon has lent Q Energy 3 million for their exploration expenses (not confirmed from company, other source but should be reliable)

5 - Some recent discoveries in the Edson area will be announced this week.

After the recent spate of takeovers in the O&G sector there are many displaced O&G executives looking for work and as we have seen their recruitment with junior companies like Colony & Bonavista has helped their stocks considerably.

I'm not suggesting that Q Energy stock will move as they have but I like the management and properties, so if they can replicate the same success that they have in the past then we all should profit.

Look for more positive news from this company.

Cheers and good investing
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News