PSA 0.00% 2.1¢ petsec energy limited

to curry all the above up, now the cold weather is kicking in,...

  1. 3,353 Posts.
    to curry all the above up, now the cold weather is kicking in, like really kicking in.

    I don't think the gas prices are going to go berserk - the buyers are too well stocked up after the big spike 2 yrs ago for that to happen again - but it will certainly keep demand high and therefore continue to gobble up whatever is in storage.

    Frankly, as long as gas prices stay >$5, PSA is onto a huge earner. Fine, I too get p1ssed off with the lack of disclosure, but qrtly report time is coming up and also in a few months year end accounts are coming as well, and they cannot escape either of them. They are really testing my patience, but I can see no reason to be selling with every well they drill a success and production growing and prices staying firm.
 
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