PSA 0.00% 2.1¢ petsec energy limited

weekly chart with notes, page-4

  1. DSD
    15,761 Posts.
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    Great work bungi. Certainly informative. Incredible how SP has tanked despite the 1st graph showing a stream of good news! I suspect that a significant part of the SP collapse is forced selling due to calls on margin loans. The graphs show that small vols have produced huge effect in SP. Bet buyers getting in these past couple of weeks can hardly believe their good fortune. Production is strong and new well has struck gas (+some oil)in excellent find.
    I was unable to C&P the article but read yesterday that gas prices in USA have not fallen anything like the amount the oil price has. Plus the weak AUD means that revenue to PSA has not been affected since July's peak in Oil price.
    I would def buy more if not so streeetched ATM.
 
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