RE: RE: RE: RE: Gonna pop next weekIn my opinion, asset sale promotion has been done for two reasons; 1. to keep creditors happy, 2. to have a safety net in place in case some unforseen event takes place. Keep in mind, if opti can get up to full rates within a year, as a shareholder, I would have a hard time accepting anyting under $10. Plus, every potential buyer knows that Nexen gets first rights to a bid, so I think that makes it hard for a company to get serious about buying any of opti's assets. Plus, I really don't see any need to sell any assets at the moment. As I just mentioned on a previous post, if they can maintain current rates, they have at least 2 years of cash left.
Production is the key and there is enough redundancy in the facility that going backwards from here would be a very slim possibility. They have redundant steam generators, turbines, furnaces, and wells so I think it's a pretty safe bet. Not guaranteed...but odds are very good. There should be nothing that would cause a full shut down for anything more than a month.....that would probably be the worst thing we could see. And that will not break them.
I was reading some analyst recomendations on opti from a few years ago. Many of them put the NAV at $30 dollars or so. The asset value is now 50% of that, but also shows that $10-15 is what this stock should be worth once up to speed.
Looking at the price today, I think the market mans will be back on the pump side, the board will fill with "opti-mism" and we hang on for the ride!