While I agree there has been some degree of over-optimism as well over-perssimism, I personally believe STX board is one of the better ones for open objective discussions. Yes, there are some personal slurs and rock-throwing tantrums (which I generally try to steer clear of), but it is a public bulletin boards after all In many ways, it's no different to the make up of market participants - full of weird and wonderful
With all due respect to the Toot, I certainly wouldn't agree that all he has written is facts.
JD, leave the so-called "choir boys" (your reference) alone. They are probably hurting and as I mentioned before, their silence is probably the result of fight or flight.
HC, OH is same play as Walyering I believe. Both Jurassic targeting the same sand sequence. I can only speculate that TPD's failure to farm into OH was based on price. STX probably demanded a higher price after the success of Walyering. With Walyering cashflow providing a sound supporting financial platform, OH now plays a hugely critical role in shaping STX's future growth profile. W7 will also be crucial in extending that cashflow runway.
WE financing will be fine. It has the balance sheet strength to obtain the necessary funding for its development. In the mean time, let's see what decison STX can come up with to commercialise SE.
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