new broker report. buy recommendation, page-13

Sushi,
If you feel there is no prospects for there upcoming progams it might be best you dont buy PSA, it is a personal investment choice and style.If you want a company that makes a steady profit you should look at buying Dominos or a bank. I am personally happy with the limited downside risk (nil imo) to the massive upside

Now if an analyst who has the accolades of his peers thinks its undervalued by 50%, I will listen. You are making wrong assumptions and as far as I can see have no credentials in analysis. Opinions are fine. I know that they have already secured rigs for $75,000 a day. They still require a semi sub rig for one well and then all is covered.

The last well which was written off had the potential to double the market cap for PSA. A good risk reward. I am happy for PSA to write off 40 million in dud wells this year if they produce one beauty.

I can tell you that the quality of there up coming program has got many of the Americans excited and if they continue with their 80% + success rate- look out.

Please compare PSA to its peers. It is dirt cheap. Please note NO DEBT

I have the feeling you do like PSA and are perhaps using the rest of us as a sounding board.

All in my opinion