I bought this stock on the thesis that as the government cracked down on shale gas flaring, solutions would present themselves creating investment opportunities. Of course since I bought this stock, it has gone down by 30%. I missed the first run up. Anyway, I live 20 minutes away from their facility and woke up early this morning so I decided to take a road trip. My plan was to go out early and scope out the place and then go to have breakfast and come back at 8:30 to see all the workers show up. My plans were foiled. I showed up at 7:10 am and the parking lot was completely full. Also it looked like they had annexed a couple of adjacent buildings to provide additional capacity. I am no Wall Street Analyst, but this is as close as I can get to a channel check. I know the oil and gas part of their business is growing, but it seems that it might be growing very fast. Any thoughts from others on this.
Great job Dave! I have used the same tactic in helping me make some of my best investment decisions. Peter Lynch would be very proud of you! That said, I am in the opposite position of you as far as entry point into PSIX. I have recently taken profit, with the intention of being able to re-purchase again later at a lower price. I did not totally exit my position because I know that I am not that smart, and PSIX could make a quick U-turn. The ending of the flaring of methane at the wellhead in 2015, has to be thousands upon thousands of wellhead opportunities. PSIX has to be on many radar screens.