RE:RE:It looks like
Taking a stress leave is always better than jumping off a bridge.
On a more serious note, the Stella oil is still there and eventually the platform will be in place to extract it, the real question is will we still be here in 15 months to profit from it? There are a number of risks not the least of which is if Brent weakens to new lows and stays down I have some doubt about the sustainability of this company with its high level of debt. The best we can hope for is that the BOD is now actively pursuing a friendly buyout at a fair price assuming Brent stabilizes here for awhile. Difficult to do in the current environment but if Brent can stabilize perhaps willing buyers will surface who might be interested in the crown jewel of Stella and the GSA (and I do really believe that the GSA is a company maker - just unfortunately not for this company so far due to the incessantly frustrating delays).
Interesting to see the two 1M share block trades at $.90 this morning.