junior oilers 2 february, page-14

jocam excellent research ,while
I am new to hotcopper I have read
you posts on stockhouse ,again
informative.
For what it is worth PSA has clearly
broken long term downtrend on a
significant price gap.
Long term charts indicate a rounding bottom.
For the Gann followers the stock is probably
heading to high 50s-mid 60c sometime proir
to april .The stock may trade weaker as at some point
as there needs to be a consolidation phase where
I hope I can purchase more.

Noalls put out a breif report on PSA on friday
indicating nett revenues of $125m over next 2.5 years
Maquarie also have been keen on the stock accumalting
the majority of stock purchased over the past month.

Also woth noting is the under performance of
gas prices compared to crude oil.Gas have rallied
some 60% over the past 12mth. Irrespective
of geopolitical events I would expect Gas prices
to trade higher over the next 18mts.

Again thanks for the research.
Also must say Opinions are often wrong
including mine, markets are never wrong.

cheers
Billy