What the hell?
The quarterly was mostly bad surprises and lacklustre news.
I listened in on the teleconference and it was nothing to get excited about.
What is moving the price today? Hard to understand.
A few months ago, we were waiting patiently for Q2 and Moonshine to come around, hoping for some news that might move the shareprice.
Now there is nothing to look forward to until Q4. The drilling so far was a damp squib, and lots of other progress delayed (China, Main Pass).
Q4 looks good... but shareholders only have so much patience. Now we are waiting another 3 to 4 months before any more milestones.
It's hard to watch so many other stocks in the market moving hard, and at the same time PSA is not delivering on its projections.
Who knows if they are even going to drill that big target in the GOM towards the end of the year. Maybe that is going to slip too, or just disappear?
What the hell?The quarterly was mostly bad surprises and...
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