PSA 0.00% 2.1¢ petsec energy limited

unloved,not wanted, page-3

  1. 6,389 Posts.
    The only negative is spelled:

    M-A-N-A-G-E-M-E-N-T.....


    On Friday cash HH prices for Monday delivery were taken down to $6.42 per mcf. Futures held up. Big disconnect between futures and cash again BUT
    the really good news can be found in the fact that prices at Opal are also over $6.00 per mcf. Means good demand for spot gas all over the system rather than just in section of the country.


    It looks like there will be a little cold weather coming in the next few days so spot gas prices should be up again over the week and will probably hit over $7.00 per mcf.

    I agree with you, the PSA share price action is disgusting. Last week it hit $1.39 per share and today it hit a low of $1.21 per share despite hitting the two new wells and the $6.00 plus price for spot gas.

    That is a big price swing on good news, but then PSA is PSA and we get no respect or help like other companies in the sector.
 
watchlist Created with Sketch. Add PSA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.