yes very good move by PSA mgmt have been hoping they would exit china for along time just wasn't a good fit IMHO going forward costs wise/returns risk etc Is why I brought back in last week PSA a much better company, today I read the resent PSA presentation 15.5BCF 2p reserves more cash than market cap..priceless
moving into shale oil/gas plays a smart move with much market interest in the sector I see STX now talking up moving into shale
A 10% buyback would not be a stupid idea at these levels either..
PSA Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
