cold weather and us gas prices..

This might be of interest to those that follow PSA (and AMU, FAR and NVS). Its from the CWEI board at Yahoo.

" Msg: 25332 of 25354

it looks like this cold weather push starting Sunday/monday is settling in pretty strong - and may stay for awhile.

Once a pattern gets "locked in" it is very hard to change and can be with us for quite some time.

For the next 2 weeks it looks like 2 massive Alberta cold waves are coming.

It is possible that additional cold waves could be coming after that, since the report stops at 2 weeks. If we were to get a couple more alberts clippers after the first two, all hell would break out in the markets. this could get real interesting real soon. "

Be nice to know what PSA's current production rates are from West Cameron. They were 15.8 mcf net to Petsec when production resumed in October so must assume they have declined somewhat since then. Also must assume they would have reported any material change to the market.

At current prices of around $5.30 net of production costs PSA is earning A$106,000 operating cash flow a day if production is around 14 mcf pd.

If prices were to spike to say $9.50 net daily ocf would be about A$177,000. At $14.50, net daily cash flow would be close to A$290,000.