The only thing to worry about with PSA is that all this revenue and cashflow is currently hanging off a few wells on a single platform in the GoM. A single event that cut off production for any period would definitely be a BAD THING (remember MXO anyone?). I will rest a fair bit easier once the Vermilion wells are flowing and the company has diversified its income streams by a factor of 100%. Whoever recently asked the question about insurance hit the nail on the head.
PSA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held