Petsec looks like slipping below $1.00 this morning with only 8...

Petsec looks like slipping below $1.00 this morning with only 8 bids and 93 offers. And this for a company that is probably pulling in $5 milllion a month in free cash flow from current GOM sales.

But looks like prospect of announcement of first half loss and falling gas prices (still very high by historical standards) is impacting sentiment. I am currently out of Petsec but if they go much lower they would have to be the buy of the century. Can't do anything now though until half yearly accounts are presented.