Reddish-orange sphere the size of a quater held at arm's length came out of nowhere, flying very fast in a south-westerly direction

This is my 3rd sighting of the same or a similar object.  My wife and I were in the rural community of Lake Edward, New Brunswick visiting the farm of a co-worker.  My wife was seated in the car and he and I were standing outside chatting.  
As we talked, we were both looking towards the north west at the horizon which would have been a good 20 miles away across the border in Northern Maine.  
Suddenly, into our view came this reddish orange object about the size of...well if the full moon is as big as a dinner plate then this was the size of a quarter.   
The object was traveling very fast about 10 degrees above and parallel to the tree line headed south-west direction.  It never varied in altitude but just kept getting smaller and smaller as it sped away from us until it disappeared completely from view.