Reality Check... Management has stated that the BW Athena will not leave Dubai until mid-February. We know this means a late March-early April production startup. This conicides with the expected Greek default on March 20, very poor timing.
Additionally, one should only expect a rise to the high $2's at best, so no one-bagger here, not even close. Then a long wiat for Stella in later 2013 giving the SP over ayear to waffle and pullback.
Lightened my load today considerably, this one is no longer worth the risk/reward given the delays. Many better plays out there with lower risk that should perform as well or much better. Try CEN or ARN for two, both Stif Nick's top picks for 2012.
Good luck longs, this one's just tooo little reward for the risk.
COOP