Ann: Petsec Energy Annual Report 2010 , page-5

For those that have shares in this stock you will have about 20-30 c cash per share plus looking for oil in shales and in salt domes. This is a different beast and will be a stock with plenty of appeal again.

MN and others you can not have it both ways. You claim China is a problem as they will have to raise more money and or go into debt again. Now its a negative as they may sell the asset for a tidy profit.Basically anything that PSA does for you is a negative..You sold out a long time ago and you dont like management-thats your prerogative but the karping is getting boring.If you had anything constructive to say anymore I would happily listen but its banal in the extreme.

psa is not going broke
psa is not having a capital raising

psa is looking for shale oil in the USA-if people do not like that then sell the stock....its like all the other 1000s of stocks...buy or sell but please dont karp and karp and karp.