PSA 0.00% 2.1¢ petsec energy limited

junior oiler worth watching

  1. 1,317 Posts.
    On a pretty dreadful day all round, this junior oiler, for no apparent reason and admittedly on small volumes, ticked up almost 10%, that is from 23 cents to 25 cents. This is against the recent trend for the stock which has been down. Rene Rivkin has promoted the stock in the past and maybe he has done so again. I don't subscribe to his report or listen to his 2SM program. But it may also be that buyers are starting to appreciate that PSA is on the verge on receiving its first revenues from no less than 6 wells in the Gulf of Mexico, three at Ship Shoal and three at West Cameron. It would be helpful if the company could put some info into the market about the staus of the production facilities being built at West Cameron (including production capacity) and inform the market
    when Ship Shoal revenues commence. But they appear to be reluctant to do so. This is a stock to watch as when it begins to move it could do so quite quickly. I hold PSA. JBC
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