PSA 0.00% 2.1¢ petsec energy limited

gas prices looking stronger still

  1. 1,317 Posts.
    Gas prices look like starting the week even stronger than they finished last week. By my calulations which allow for 5 mmcfpd hedged at $4.83, PSA is currently pulling in around $A1.25 million net a week. I bet Fern is glad he didn't hedge more. Weekend's decision by EUB in Alberta province of Canada to grandfather more gas wells to protect sub surface bitumen deposits will add to upwards pressure on north American gas prices (see Rigzone article). Ho hum another week another million plus for Petsec, hard to see better value for money IMHO.
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