This stock will not have any value within the next 12 months IMHO. Whilst some of the conventional oportunities look interesting this management team can not be believed. They have zero credibility. At the AGM 60 days ago they spent half the time spruiking their Shale strategy and the potential of Marathon. Now they say Marathon will be rapidly depleted over the next 3 years and they are ditching the Shale strategy. They blew $6.0 mil on it. I have sold all my holdings and am now out. Good luck to all PSA longs.
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