Must be some ca ra zy people out there in the market....
Selling PSA down to $1.03??????
Last time I looked the price of HH spot was still over US$6 per 1000 cu feet of gas, WTI was over $38 a barrel AND the A$ has come down over 13 per cent against the US$ since hitting its high.
PSA will be pulling in the bucks on these prices and at the exchange rate - probably making over 30% MORE than at the previous levels.
IMO gas prices in the US will be strong throughout the summer as shown by the strong prices now - in the shoulder season.
NG prices may hit double digits if there is a HOTTER than normal summer this year.....
Super strong buy on PSA at these levels.
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