Can't agree with you on this on Graham.
PSA has been ripping in the cash. If next month's wells come up good, it can only be rerated up a lot further. These are high percentage wells, and so far I do not see that success is priced in to the share.
Anyway, I'm currently up 48% in less than 4 weeks on PSA. Not selling yet, because at this price it is still fundamentally cheap. Time will tell I guess.
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