PSA 0.00% 2.1¢ petsec energy limited

some upwards movement at last..

  1. 1,317 Posts.
    Although volumes remain small, PSA has been on the rise this week probably due to a number of factors including:

    increasing broker and analyst attention following entry to ASX 300

    anticipation of an announcment that new West Cameron wells have been put into production (possibly this week)

    anticipation of announcement of increased production rates from West Cameron

    third quarter activity report (end of the month)

    drilling activity in November, China and Vermilion

    some rotation out of other oilers eg.AYO

    Any significant volume will quickly push Petsec back over 80 cents as most sellers seem to have been flushed out already.
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