PSA is a great company with a strong future. Whilst it has suffered significantly from its rigs in the US over the past six or so years it is now in a strong position to continue growth.
The company has purchase new rigs. 5 of the 6 are now producing and oil prices are topping $100 per barrel. They expect to pay the rigs off within six mths and then reap the cash.
They are exploring numerous other locations other than the GofMex.
I suggest if you don't own shares. Buy Buy Buy!!! It will be past $2 by the end of the month. Chart the last decade, read the financial position and the ann reports and make up your own mind! POO is only going up in the next 5 - 10 years IMHO.
PSA Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
