PSA
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0.00% 2.1¢ petsec energy limited

gas sales are at us spot prices

  1. old man river
    3,353 Posts.
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    26/02/03
    22:52
    Post #: 132755
    Company politely confirmed to me today that all of their gas sales are currently at spot.

    Latest look at Bloomberg.com tells me this:

    "Natural Gas ($/MMBtu) Price Change

    Nymex Henry Hub $9.58
    Henry Hub $ 19.38
    Chicago City Gate $ 17.50"

    Their announcement previously said they were enjoying high prices at US$5 a unit etc. Jesus folks, PSA have hit the jackpot here.
    PSA Price at posting: 0.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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