Re: NEVER NEVER INVEST IN QUEBEC Hard to argue with that headline. When you look at the long history of large companies that have failed, and the business unfirendly Provincial policies, it is hard to make a good arguement for investing in or buying shares of Quebec based companies.
DeanEdmonton
Reputation: 2076
clubhouse19 (686)
User Actions
November 12, 2022 - 10:41 AM
138 Reads
Post# 35093574
You have to wonder how much of this is true .
While this may surely be self serving, a lot of the comments especially those about transfer payments and Quebec's expropriation of gas and oil licenses and permits just goes to show how hypocritcal this Quebec government is while importing billions of dollars of oil.
Quebec politicians and media keep on playing the victim and while I don't totally agree with totally open borders to Alberta's dirty oil, quebec keeps on shooting itself in the foot economically with their totally idialistic out of touch stance and their all or nothing approach while continually begging for equalization payments.
I hope more of these lawsuits take hold
https://financialpost.com/commodities/energy/oil-gas/utica-resources-files-lawsuit-seeking-billions-of-dollars-if-quebec-implements-bill-21
CHAMPLAIN wrote: Honourable Premier Danielle Smith,
Premier of Alberta
Alberta Legislature
Saturday, Nov. 12th 2022
Good Morning Premier Smith,
NEVER INVEST IN QUEBEC –Quebec Politicians only want the $13 Billion Dollars from Alberta every year as they Invoke “Retroactive Expropriation without Compensation on Quebec World Class Natural Gas –Pure Corruption “
Legault despises Western oil , despises National Pipelines and SABOTAGES Self-reliance for Quebec Natural Gas Light Oil preferring to do NOTHING and be rewarded with over $13 Billion Dollars each year from Alberta . Now Qubec Invokes Section 33 to steal Natural Gas permits after 17 years of development and Millions of Dollars on development . Section33 was Never intended to be RETROACTIVE EXPROPRIATION with No COMPENSATION, to give Province’s authority to steal Property rights .Trudeau will do Nothing as he is part of the Green religion but you need to see Qubec for what it is doing –
Taking over $13 Billion dollars every year from Alberta FOR FREE while SABOTAGING and Stealing Natural Gas assets in Quebec –PURE CORRUPTION—NEVERINVEST IN QUEBEC
- LEGAULT CALLS Alberta Oil “DIRTY OIL ‘ and “Dirty Energy” as Quebec dumps Billions of Litres of RAW Sewage into the St. Lawrence .All LEGAULT wants is the $13 Billion Dollars each year from Alberta and to Virtue lecture Western Canada on how Superior they are to Alberta.
The British Colonies sent Money every year to England and today we witness the same thing as Alberta sends over $13 Billion Dollars in Equalization ( hidden taxes ) to a SEPARATE NATION of Qubec –A Disgrace !
- The ONLY thing that will change is for Alberta to keep the $13 Billion Dollars each year to be used for Alberta Citizens and let Legault learn how to develop a Functioning Economy. Qubec has a greater Over all Debt than many 3rd World countries, so it is “WAKE UP TIME “for Qubec the SEPARATE NATION.
- Stop the ABUSE of Equalization by Legault. Stop sending over $13 Billion Dollars of Alberta Wealth each year to a Separate Nation .
- Legault Abuses Equalization choosing the Free Resource Money from Alberta rather than develop World Class Quebec Resources. Legault has World Class Natural Gas Light Oil which he Refuses to Develop.
Legault has ZERO incentive of ever developing Qubec World Class Natural Gas Light Oil because of the FREE $13 Billion Dollars from Alberta each year.
- Legault the Veteran Separatist has turned his back on Confederation, violating the Constitution “I do not want your Dirty Energy, Dirty Oil , but Please keep sending your Dirty Oil Money “ as he laughs at Alberta sending him over $13 Billion Dollars each year.
- Legault SABOTAGES Western Oil , Western Pipelines and Sabotages Qubec Natural Gas light Oil which would generate for Qubec over $10 Billion Dollars each year in Taxes and Royalties and 50,000 New Jobs for Quebec society .
- Legault acted Ultra Vires his authority in law while the Federal Govt remained silent as he prevented the Canada East pipeline.
- The Legault Socialism policies are paid for by Alberta Citizens. Alberta is paying for Legault’s Cadillac Socialist programs of Zero Cost College tuition, $8 Dollar a day DayCare, Free Pharmacare, New Transportation systems, etc. all paid with Alberta Citizens Money .
- Alberta, has a Legal and Fiduciary Duty on behalf of Alberta Citizens to provide for Alberta Citizens Good Infrastructure, Good Health Care and Good Social Services and Good education ---not sending over $13 Billion Dollars each year to a Separate Nation .
- Legault Sabotages Resource development to appease his GREEN RELIGION.
- Quebecers are SMART PEOPLE WHO want Resource Development, see Leger Polls, CBC Polls, Montreal Economic Polls, etc .
- The ONLY REASON Legault can Sabotage Quebec Natural Gas Light Oil companies is because there are ZERO Consequences? Legault SABOTAGES Quebec Natural Gas Light Oil putting in place “Impossibility of Performance “Regulations to “Retroactively Expropriate without Compensation” to support his GREEN RELIGION Doomsday Cult and Alberta sends over $13 Billion Dollars each year to a Separate Nation .
(a) This has everything to do with Confederation, Qubec, and Quebec’s Place in Confederation concerns all Canadians and all Canadian Companies. Equalization: Fairness for all Provinces. This is an ALARM BELL for Confederation.
(b) Equalization is a two-way street; every Province has an Obligation and a Duty to be Self-Reliant and develop their own Economy.
(c) The Qubec Politicians has shown ongoing Malfeasance in Sabotaging Qubec Natural Gas Light Oil ( for over 12 years ) and its own Energy Sector while demanding Yearly Rents and Work . Not one single Production permit has been issued since 1995 yet each year the Quebec Govt demands Yearly Rents and other regulatory costs are added.
(d) Qubec has taken Equalization every year since 1957 which shows clearly there is ZERO desire to contribute its Share to Confederation. All we see year after year is Legault Exploiting Alberta for selfish Gain, the best predicator of Future behavior is the past.
- The actions of the Corrupt Qubec Politicians in Co-ordinating a process in a premeditated manner to make the Qubec hydrocarbon permits worthless notwithstanding the very large Investments made in Quebec Hydrocarbon development at the Request and Assurances of the Qubec Government to explore and develop these permits, demonstrates clearly the ABUSE of Power, Commercial Fraud , Malfeasance of the Quebec Govt .
- The principle of “ Rule of law “must be re-instated in Qubec that the laws and Regulations of Qubec must apply to all Qubec companies not just friends of the CAQ Govt.
- “The Qubec Government operates the Biggest PONZI SCHEME in North America” .A Ponzi Scheme is a Special kind of Fraud ( just think of the Qubec Government .) It goes back over 12 years ago and is based on a Fake Investment –the Quebec Government asking across North America please come to Qubec and Invest in our Qubec Sedimentary basin with World Class Natural Gas and Oil .
- In the Qubec Govt PONZI Scheme, the Qubec Government went all over North America seeking Oil and Gas Companies at Conventions/Seminars /Workshops/Conferences and giving hour long presentations ( with a detailed question and answer period ) pleading with Oil and Natural Gas companies to Invest in Qubec and develop these Qubec Natural Gas Light Oil resources –just drill. Instead all of our Money went into Qubec and then the very same Govt Sabotaged Qubec Natural Gas--- Quebec Oil but not before demanding all of our Seismic Reports , Drilling Data , Field work, Geo-mag , GSC Reports, Resource estimates, Depth of locations, GPS locations, etc. as well as demanding all of our Work $$$ Assessments and Yearly Rents. The PONZI SCHEME by the Qubec Government leaves all the Companies broke , all there TSX shareholders shares worthless while the Qubec Government has spent ZERO Money and is n the process of Expropriated all of our Permits and now has all of our Proprietary Petroleum Data and Seismic data worth Billions of Dollars and all of our Money / Investments .
- This is the Classic Definition of a “ Ponzi Scheme and Commercial Fraud ‘
16. The Qubec people are Honest, Good hardworking and decent people, it is the Qubec POLITICANS who have placed the GREEN RELIGION over the interests and needs of Quebecers and are destroying Qubec Society .Qubec Society has been systematically lied to by Successive Qubec Governments that Quebec Natural Gas is Bad and Dangerous while at the same time Qubec imports Billions and Billions of Dollars each year of Foreign Natural Gas ( Energy is 24/7 365 days a year ) . Legault refuses to Tell Quebecers the truth, preferring to simply rely on the $13 Billion Dollars of handouts from Alberta each year.
17. Qubec Premiers have always wanted Self reliance and Economic Independence, See the Great Premiers of Qubec such as Premier Jean Lesage , Premier Rene Levesque, Premier Maurice Duplessis , Premier Lucien Bouchard always wanting the very Best for Qubec Society in keeping jobs and the Economy within Qubec not outsourcing jobs out of Qubec . These Qubec Premiers created James Bay, Quebec Hydro , Helped Financed Bombardier, SNC Lavalin, Built World famous Laval University, etc. Today Legault SABOTAGES Qubec Natural Gas light Oil and in turn makes Quebec Society poorer and more dependent upon Equalization.
18. Clean Natural Gas is the Energy of the 21st Century for North America and the World and Qubec can become a World leader in new Technologies and North American Powerhouse for Energy –every country wants LNG ( Wet Natural Gas ) yet under Legault all he wants is Transfer payments for life . This is a disgrace
19. While Legault Virtue Signals he is in the GREEN REGLIGION he is SILENT on the largest Polluter in EASTERN CANADA, the Gaspe Cement Plant which the Quebec Govt has given over $600 Million Dollars in Govt support . The Gaspe Cement Plant supported By Legault throws off over two Million Tones of Deadly PETCoke each year while Legault has ignored requests /Offers to convert the Cement Plant to local Gaspe Qubec Natural Gas.
20. The Qubec Politicians are so Ideologically twisted they will do anything to STOP SABOTAGE Local Qubec Natural Gas Local Oil. Their are some very twisted Qubec Politicians who turn a Blind eye to Deadly PetCoke at the Gaspe Cement Plant while preventing Local Qubec Gaspe Natural Gas. The Medical impacts of Deadly PetCoke are well known, on Public Record as causing Cancer, Mesothelioma, Heart Disease, etc. all ignored by the GREEN REGLION. The Medical dangers of Using PetCOKE are well known and have been the Subject of large Scale Class Action Lawsuits in the United States . Allowing PetCOKE while preventing Clean Gaspe Natural Gas shows how ideologically Perverted the CAQ Govt has become! What Govt in the World would allow PetCOKE which causes Deadly Medical conditions while preventing local Clean Natural Gas?
21. Legault’s position remains “ Why work to develop our Qubec Resources “ , we have Alberta sending us over $13 Billion Dollars each year for FREE –Why Worry ?
“Goodness will always prevail over Evil “ , we rely on a Higher Power “Exodus 14:14”