"Yet another storm is possible later this weekend across the East. Cold air will already be in place ahead of this storm so if the storm tracks near the coast Sunday there is a chance of widespread snow, sleet and ice from the Ohio Valley into the Northeast. "
Also be interesting to see if US has its first triple digit gas draw down for the winter when EIA reports on storage movements later this evening. Guestimates range from 90 to 121 bcf.
Lastly I wonder if the ADRs will catch up with local market action. I suppose they have to otherwise the arbitrage would be too attractive.
Great to see Petsec finally getting the attention it deserves and agree with mn it was a good strong close which suggests further upward movement. We have yet to see some large volume bids come into the market so don't be surprised if price strengthens considerably when this happens. The average trade today was still small at around 6000 shares.
Re 1 bps question I've queried the companyabout broker presentations so hopefully will have an email response tomorrow which I will post when I get back from golf. Of course that doesn't stop anyone ringing Geoff Fulcher the company secretary and asking him first thing in the morning.
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Held
