new presentation means, page-13

Octane44
The reason for the brutal discount has been the fact that PSA was significantly overvalued in the first place. Forget about analyst valuations, they are no smarter than the average poster you see on H/C.

The main issue for PSA as I see it, is they only have 60BCFE of 2p reserves the price equivalent of roughly 6mill BO. That values them currently at $40 per BO, which is roughly twice what the general market values oil and gas companys. They trade at a premium due to their significant production and cash flow. They tend to focus on small targets not on company makers so there is no blue sky factored in. If your company does not have long life reserves then it should always trade at a discount relative to cashflow due to the uncertainty of finding new fields to replace declining ones.

So until reserves increase dramatically or investors get a sudden rush of blood , I cant see PSA going anywhere near your $3.

Cheers