RE: RE: RE: RE: RE: RE: RE: bluewater thetis88, interesting post for sure. I just have some random thoughts on the points you raised.
The first thing that caught my attention is your high of 85,000 shares and now you're out entirely. That means you'll likely be looking at $700+ of capital gains and the estimated tax bite/effect is about $170K. Hope that you have the money stashed away when the CRA comes knocking next April! I only sold 30,000 shares and have been squirming about what to do the $60K of taxes. Nevertheless congratulations on a successful investment.
PSN has been hitting its operational targets and SP have been range bound at the $14 to $16 level. Looks like the market will not move unless a). they have additional tanks beyond the 500 targeted, or b). the company has new business coming down on line.
I seem to remember the PSN tanks cost about $200K each and yes the capital expenditure is rather substantial on cash flow generated from operations, unless you can use debt to lighten the load.
As to the actual number of shorts on PSN I believe the posters here, by consensus, have concurred that there may be under 1 million shares through the TSX in Canada, but down in the U.S. PSN is heavily shorted to the tune of almost $19 million shares. Yes, the head wind is very strong against PSN and that has to affect the SP too.