Quebec moratorium leaves shale gas drillers staggering
It has been a swift fall from grace for junior exploration companies whose fortunes are tied to Quebec’s nascent shale gas industry.
Calgary-based Questerre Energy Corp., worth $800-million only a year ago, has a market capitalization barely one fourth of that today as investors cashed out following the Quebec government’s decision in March to put commercial hydraulic fracturing drilling on hold pending a detailed environmental review.