My current view:
1. Qrtly report will update us on the questions you are asking.
2. I think success at Main Pass is the key for going forward and adding to reserves.
3. Gas prices, who would have thought they would be above $7 at this time of the year, but there you go. Certainly very profitable for them at this stage, but is also a function of hwo much they are producing as well.
4. The weather, well who can control that. All I can say is that PSA are well poised to make super profits should it go really hot, but am not banking on this.
What I want to see is how quickly is the cash building up. To me delays at Main Pass are a blessing in disguise as it will allow us to see just how quickly the cash builds. And if it does build, well maybe a dividend may come across the horizon in 2006 perhaps, or 2nd half 2005 even.
Roll on qrtly report.
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