Is Questerre Energy Corp. (TSE:QEC), (PINK:QTEYF) Stock Underestimated?
On Friday, Questerre Energy Corp. (TSE:QEC, QEC message board), (PINK:QTEYF) stock lost the next 13.92% of its value on certain environmental responsibility issues. QEC shares hit a new 52-week low, confirmed by an almost four times the average number of shares traded. Though the strong arguments presented by the company for its environmentally responsible and socially acceptable approach, one day after the announced by QEC facts sheet for Utica Shale water use the share price fell further down. The power of that fall was as strong as it was in the beginning of the month. Then, the suspension of any oil and gas mining activities in the basin of the estuary and northwest Gulf of the St. Lawrence River was broadly discussed, following an announcement from the Deputy Prime Minister and the Minister of Natural Resources and Wildlife. Although Questerre Energy Corp. said that its shale gas assets in the St. Lawrence Lowlands are unaffected by the announcement, investors’ response was immedi
