PSA 0.00% 2.1¢ petsec energy limited

when making money..., page-6

  1. 6,389 Posts.
    I guess it continually goes back to the problem of trust.

    IMO the market doesn't trust the company for a number of reasons - all valid IMO.

    Now in addition to that problem there is another one as well. Those that would have wanted to buy are also plagued by lack of trust in the market itself as shown by the '100 share seller', the '3 minute seller' and maybe the 'options seller' as well. (We'll have to wait for a over a year to find out about that in the next 20-F that comes out........)

    With gas up again strongly overnight in the USA, the company is making big bucks on the gas it sells. Unfortunately the Price Lake fiasco has wiped out much of those profits.

    With the China 'prospects' still on the books, IMO that will be the next one to hit the bottom line. With oil at record prices the 'value' in China should prompt them to sell their interest and get their money back while they can.

    Overall great at finding gas in Gulf, terrible when they do anything else.
 
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.