C$ 31.62 anybody?guess this explains the buying...
QEC - Net asset value C$45 --- Gastem C$31.62
QEC = 3,38C$ M-cap 750m$
GMR = 0,40C$ M-cap 37m$
Gastem Tot 175.000 acres
22.400 acres Yamaska (qec 22.400)
100.000 acres S:t Jean (qec 107.000)
28.000 acres New York
Old but Still true:
"Fraser Mackenzie Ltd.
Patty Shao jumped into the Utica shale gas play last week, initiating coverage on two of the play’s “first movers,” Gastem Inc. (GTMIF.PK) and Questerre Energy Corp. (QTEYF.PK). In doing so, Ms. Shao becomes the first analyst in Canada to formally weigh in on the play, but based on the explosion in investor interest over the past month, she probably won’t be the last.
In a report to clients she said:
Among the six juniors that are exposed to the Utica shale gas play in Québec, we believe Gastem and Questerre offer the best upside leverage through their acreage holding in the ‘sweet spot’ of the Utica shales.
Of the two, Questerre has the larger leverage to the play with an estimated 193,863 net prospective acres, including the royalty interest from its farm-in agreement with Talisman Energy Inc. (TLM). Ms. Shao told clients she predicts a total unrisked net asset value for the
company of C$45 per diluted share.
For Gastem, she estimated an unrisked net asset value of C$31.62 per
diluted based on an estimated 53,921 net prospective acres in Quebec and New York State.
https://seekingalpha.com/article/76025-gastem-and-questerre-utica-shale-play-s-first-movers
The analyst slapped “buy” ratings on both
companies but refrained from setting target prices given “the early stage nature of the play and wide variances in potential outcomes.”