FAR the book, page-42

MIM I certainly think the discussion would be completely different at say $5 per barrel. It would be so far out of FAR's reach to PE be discounted out of hand and IMO the same for CNE.
What I have struggled to understand here is the risk WPL are taking IMO gambling on the fact that neither CNE or FAR will PE and they will get their bargain. I think WPL are gambling on the fact that CNE won't PE........ for all we know they may have had talks? WPL would be thinking FAR won't go it alone. If you read Kfann's first post on this whole scenario I think you will get a broad picture of what may happen.
Basically if FAR can come up with the funding to preempt if WPL still want the asset they will have to horse trade with FAR to stay in the game. Post # 18278753 just copy it into the search bar. DB