RE: RE: I bought big timeSo you went all in Julien....good on you, I'm also looking to increase down here, I don't get the last sell off, these are good news!
Don't think bankrupt is an issue, my main worry is excessive dilution at too low levels, along with failure of finding partners (which we need for both T and K)
About Seven S, what is your point, do you think it was an expensive deal? Basically they paid 14 MUSD for 35%, half of which was a loan, that values the 15 Mboe we have in Beshtentak at 2.7 USD/boe, that is pretty cheap given the fantastic terms they have. Add to that an existing discovery in East Olimtoi and the world class potential in the pre salt section, and this is a steal.
I cannot see why there should not be huge interest from both the chinese and IOCs to farm in here, especially given the terms (which are possibly too good, but there is room for a renegotiation)
You have to see the potential, don't just focus on the next quarter.
With that said, I'm still not a huge fan of TPLs execution skills, amazing that they still have not flow tested EO nor Kal...and we're still waiting on the increased production from Doris...
Best,
D