I agree that funding is a major issue for a small cap like BOW but this certainly opens up alternatives for them.
BOW have always touted the simplicity of their ownership structures and that they have 100% of most tenemants.
However I do agree with Jake that a JV could be structured around equity share of upstream and downstream components.
If they can land a customer that would take equity as per some of the majors then this could happen.
All just posturing really but the second wave of consolidation, JV's M&A's and general wheeling & dealing is just started again I reckon.
PS: I think just an MoU stating they exploring alternatives togther will put a rocket amongst the pigeons!!
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