PSA petsec energy limited

Must be some ca ra zy people out there in the market....Selling...

  1. 6,389 Posts.
    Must be some ca ra zy people out there in the market....

    Selling PSA down to $1.03??????

    Last time I looked the price of HH spot was still over US$6 per 1000 cu feet of gas, WTI was over $38 a barrel AND the A$ has come down over 13 per cent against the US$ since hitting its high.

    PSA will be pulling in the bucks on these prices and at the exchange rate - probably making over 30% MORE than at the previous levels.

    IMO gas prices in the US will be strong throughout the summer as shown by the strong prices now - in the shoulder season.

    NG prices may hit double digits if there is a HOTTER than normal summer this year.....

    Super strong buy on PSA at these levels.
 
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