yes what PSA do with the 47.2mill will decide PSA future they need to get their production higher they have round 8-10bcf in reserves now this full year their looking at only 2.5bcf production lower the production the lower the profit margins the hedges have been great but unless Gas goes higher PSA EBIT will be low to nothing - better off selling the reserves , would rid PSA of the rehabilitation obligations...
...holding hoping to see some smart moves going forward ,we all remember their last major purchase that they took on the debt for ....then sold
they shouldn't need to raise any cash the major postive many good assets needing funds to proceed hoping they are looking at many options an not just the shale option if the right deal comes along ..
PSA Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held