Again US Natural Gas prices are up...

  1. 85
    Posts

    It was up another 28 cents last Friday. PSJEY also gained another $0.35 to $5.45.

    The above figures bode well for anyone holding PSA at the moment. It's been a long time coming IMHO.

    Cheers

    Quik.

  2. 37
    Posts

    what are your expections?

  3. 85
    Posts

    Hi Yeliz,

    If PSA manages to close above $1.45 next week then it could go back to $1.70 quite fast. If you read the company press releases they are saying that PSA is trading at 3 x forward earnings. That makes it cheap. Look at the Petsec website broker reports. They have $1.80 on PSA.

    I think the dark horse with this stock is the Moonshine project in the US.

    I would not be surprised to see NG take a breather next week as Friday's candle was a shooting star (bearish signal). This normally indicates a reversal BUT you'll notice from the chart that a rising window formed between Thursday and Friday. That's a bullish indicator and should act as a minor support area.

    Regards

    Quik.

Your browser is too old for TopStocks and not secure. Please update your browser