PSA 0.00% 2.1¢ petsec energy limited

serious seller today?

  1. 10,287 Posts.
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    Seemed like a fairly large seller was in the market today-all his stock was taken but it had the effect of holding back the shareprice-it should only be four weeks now to the start of drilling at Vermilion so there should be some speculative buying shortly to support the price until spud date-as Jocam has been saying we look like getting some presentations to the broking community in the next couple of weeks that should also generate some interest plus the company has promised to upgrade their website to a more modern and informative site this month.
    Meanwhile the US is copping their first dose of winter at the moment so we should see decreases in storage levels this week for the first time in months so it'll be interesting to see the effect on spot ng prices which is what PSA receives.Still a bargain.
 
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Currently unlisted public company.

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