I get the impression that there has been a couple of larger shareholders moving out. Not entirely the fault of the company. Just the current market and the lower gas prices.
PSA is not the only share to have fallen. Many substantial enterprises are now trading at only 20% of their annual highs.
Things change. PSA looks to be on a low. As Strachan says, their annual cash flow now exceeds their market capitalization.
The share price has definitely been oversold. The sellers look finished and a little bit of support will see big improvements.
Drilling success wouldn't hurt either, but it will come.
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