PSA 0.00% 2.1¢ petsec energy limited

down 22% now since 6 december

  1. 1,317 Posts.
    Whatever it is that is weighing on Petsec it has certainly brought the share price down since that 1.37 figure on 6 December. A poor 2004 annual report maybe, some bad news from Vermilion or onshore Louisiana perhaps, chartists possibly saying it is clearly a sell with further downside to go?

    Bit hard to explain when the company is producing 25 mmcf a day and looks set to have a bumper year. I guess christianp is right, when sentiment is against you watch out below. Well guess it is just an opportunity to buy some more!!

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