So, following Jusik's posting that fraccing in Quebecwill be put...

So, following Jusik's posting that fraccing in Quebec
will be put on hold for two years, MPO share value has
dropped by about 10c. With 250m shares the market
valuation of MPO has dropped by $25m. This means that
either:

a) Investors have interpreted that the gas in Quebec
is worth $25 but will never be developed. Hard to
believe in a climate where coal is on the nose and
where Quebec imports all of its gas.

b) Investors believe a two year delay is worth $12.5m
per year. Nothing has been lost, just delayed, so in
my analysis this equates to a production profit of
between $50m and $100m/year. If this is what eventuates
then wacko.

c) The market hasn't a clue.

Working on the belief that c) is closest to the truth
I have bought back in.