PCQ was once at $2 but that was based only on their exposure to the St. Lawrence Lowlands shale gas discovey.

QEC seems to be taking off again but their play is mainly the Shale Gas play which PCQ also large exposure too. This shale gas discovery was back in 2008 and much before the PCQ/Squatex latest conventional oil and gas discovery in the Sayabec formation (Gaspe Peninsula).

Probably best to play all the Quebec Oil and Gas discoveries with a basket of them all as there is truly unlimited potential with respects to their overall oil & gas reserve potential but I truly think PCQ has the greatest potential as they have one of the largest land bases with exposure basically to all the Quebec discoveries, both Shale Gas and Conventional Oil/Gas/Condensate basins in the Gaspe.

What I beleive the market needs to figure out now is where will development likely take place first? My feelings are initial investment activity will be mainly focussed on the Conventional fields that don't require fraccing and the smart money will be flowing to JNX (Galt), PEA (Bourque) and PCQ (Sayabec) once the market figures this out but in the near term all the plays should benefit greatly based on this momentous news!

GLTA