PSA petsec energy limited

net present value, page-9

  1. 533 Posts.
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    My concern with this mob is their planned reduction in production over the next year to conserve gas into a lower sales market and ceasing of drilling targets. How do they increase reserves?
    They either have to take on debt and buy them or drill. So we have only one avenue left. The SP will stay low until they decide to explore again or start making money and stop just covering costs.

    Hopefully there is a change in the wind, the newish executive director Michael Harvey who joined has significant experience. Let's hope he has been bought on for the right reasons and the "Greater Good"

    Unfortunalety this stock has for me been a great lesson over the last 3 years in why not to fall in love with the story when the chart and the fundamentals are saying differently...
 
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