surging usa ng prices: no effect

Very disappointing week for PSA given the surge in USA spot NG prices which flow right through to the company's bottom line.

Add in the typical PSA management screw up on report of the successful G-3 well - which only served to knock back the price and you have another typical rotten week for PSA shareholders.

I wonder how long we are going to have to wait to find out about those LA wells that they are participating in and how bad the company will handle the PR whatever the result.

Maybe next Friday, we'll see a third week in a row of better fundamentals, higher USA NG prices, more success with the drill bit AND a sinking share price.....

As I have stated before, I like the company's prospects, I dislike the BOD and management - IMO the greatest impediment to shareholders seeing a higher share price.

And the price action in the share price this week proves that fact!!