Attorney 30 A NXY buyout would cost several billion dollars more than buying OPC's 35% long lake interest (plus debt) and the Cottonwood assets etc. Only a major or sovereign wealth fund has that kind of money.
The better play is to buy OPC entirely, plus its assets. I think that OPC will follow the UTS model and sell its leases at this time. It then has the money to ramp-up long lake, and be in the game to participate in the long lake expansion.
I think I will buy more OPC tomorrow - but I think if markets are down tomorrow, it could dip to $1.99 briefly.
Posted by Attorney30 on the 3/25/2010 11:36:29 PM .