PSA's EPS was 21.1c last year. EPS will probably be double? this...

PSA's EPS was 21.1c last year. EPS will probably be double? this year when Vermillion comes on line (in less than a couple of months). With natural gas prices so high, EPS growth will be staggering.

PSA is currently trading on a PE of 5 (using last years 21.1c/share earnings). Going forward it has to be trading on a PE of 2? maybe even less!!??

ADD to this bonanza - a new drilling program at Vermillion + further exploration on the other recently acquired GOM leases, AND the highly possible prospect of China going ahead..

The reason you are selling IS ?? Please enlighten - I am quite flabbergasted. Are you crazy?


Technically, the 180dayEMA is holding the price up at the moment - but it doesn't look overly convincing does it.





Christian