sorry 202120 but I can't agree. Whether the MC is 90 or 9 or 900 mill whoever buys it still needs 5 billion capex to get it going. The MC is weeny by comparison to the required capex. When IO was 100 and 110 bucks I believed it was possible based on potential profit margins ....but not now. Margins are still positive (assuming no blowouts) but they are too slim to risk a 5 billion dollar investment. As Average Joe said you now need a market with rising IO demand. This is not that market.
