RE:You can't have it Both Ways There are lots of risks as yet but also lots of potentially good things that can ahappen.
Risks; POO drops & stays down, Less than expected production from Stella
Goodies; Stella prodces more than expected, POO rises&holds, Pipeline to refinery is hooked up & other investemnts in local fields adds to product going to refinery.
Once the oil flows from Stella, attitudes will change and the SP will rise to higher than the offer price.
IMHO; the present price offered takes advantage of investors' frustration over delays & failure so far to raise the price of oil above $60. These will fall by the wayside as time passes.
Hang in there guys, for a fair price of around $2.25.