Lets remember there was a lot of criticism of PSA about it...

Lets remember there was a lot of criticism of PSA about it hedging when gas prices shot up

Now that gas is at $4 where is the praise for theie excellent foresight ? :-)

At these prices it is going to kill off a lot of exploration and a lot of high cost producers will experience a lot of financial strain. This will in time reduce supply.

I admit they have not had much exploration success - but all companies have their ups and downs - the cricket analogy is they had a run of ducks.

But they are in a good position IMO vs their competition
I believe their exploration success will turn around
& simply put just the NPV of their current resources justifies a higher SP!