Let's face it BBP at current levels is a punt on its asset values. With 2.9 billion of debt and a market cap of only $100m the market says its asset base is worth $3 billion. If offers emerge at say $3.5 billion then all of a sudden the equity value is $600m and the shares are suddenly worth 90 cents. So put up your 15 cent wager for a potential 90 cent return.
