PSA petsec energy limited

What struck me about the BBY report was that PSA have been very...

  1. 3,800 Posts.
    What struck me about the BBY report was that PSA have been very active with a high success rate but dont really have a lot of reserves defined - continue to drill small targets...... upcoming Louisiana maybe low risk but it is also very small.

    They should be using their good cashflow now to upping the leverage a little.

    It will always hold the share price back if they dont have a lot of reserves to give substance to the cash flows.

    acturtle
 
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