PSA
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0.00% 2.1¢ petsec energy limited

The bigger issue going forward is they now have a jv partner to...

  1. dist
    568 Posts.
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    09/07/14
    21:48
    Post #: 13636345
    The bigger issue going forward is they now have a jv partner to drill Hummer. They always wanted to sell this down and now have effectively done so.

    New management at the Board and MD level (USA) appears to be working well for PSA and their timing looks good as they pursue new areas with new partners.All income is also tax free due to their losses.

    The next two years looks much much better than where we have been.Kudos to management.
    PSA Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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