even on a day when markets up and oil up over a buck, psn is down again today...broke through 12 and got as low as 11.85. yield over 9%! 

 

I can't fathom it.  Yes, I know that fraccing is again in the headlines with obama extending date for public input on  regulation of fraccing.  I know psn is now a one horse pony.  I know that LNG prices are coming down and the perception may be that there is less demand for fraccing.   I know that the world is in danger of recession.

 

with all that said, how is our dividend at risk?  It is covered by long term contracts.  growth is virtually assured this year.

company has said they are studying new products and services.  

 

So, I see weakness along with the market, but  I cannot fathom underperforming other energy stocks.  i have played devil's advocate with myself until I am blue in the face, and I cannot find any significant risk in the short term, knowing full well that black swans have bitten me in the arse before.    

 

I suspect that the announcement of new product will give some sustained momentum, as will the continued reassurance of investors via quarterly financial results (assuming growth and lots of free cash flow).  

 

 Aside from investor psychology, does anyone see any real risk to cash flow for at least the rest of this year?  Any other explanation of the stock's relative weakness (compared to other energy companies)?