totally agree cujo - gas is clean and due to the current world we live in is destined to be pushed hard by govt worlwide. future gas prices are expected to rise strongly. whilst all the oil stocks have fallen hard from their highs over the last 8 months proportionatly petsec has fallen much harder then most yet due to its gas interest and incredible success rate its hard to understand why. my take is that petsec are currently worth around $2.50 a share ( at current $1.89 a steal) based on already discovered assets and with another 12 or more wells to be drilled this year alone and over $30 million in cash and a expected doubling of reserves this year a $3.00 to $4.00 share price in 12 months time is a real probability. any major find and these prices will just be a starting point with the recent return to favour of oil plays all is looking great and the chart has turned strongly positive i feel. just my opinion though
PSA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
