PSA 0.00% 2.1¢ petsec energy limited

down 22% now since 6 december, page-2

  1. 11 Posts.
    Could also be that all the bad years were suposed to have been good years too. So do we buy and hold till 2006 to find that what was to be didnt quite make it and that 2007 is the year and by then the Gas price might be half the price. There promises have to come off before being rewarded and at 1.07.... perhaps they still have some downside. It seems to me the only possible reward with its picking for scraps policy is small finds and limited cash flow. So a takeover or a chance huge find is what PSA are looking for because the chance of a future div is definitely not on the cards for the forseeable future. Target price 95c
 
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