All I am saying is that they are still drilling small targets Lousiana and even the GOM targets are pretty small bites. China not too bad.
I didnt say whether they were a good buy, bad buy, undervalued or overvalued. I did read the report and did take note of the PSA value suggested.
You can disagree if you like but after watching hundreds of wells get drilled in the last few years drilling 3BCF targets for a company of PSA's size to me looks like hard work and freakin boring stuff for investors, which might explain why they are so cheap. Where is the sex appeal?
acturtle
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held