Ann: Presentation - Recommended Merger of Beach and Drillsearch, page-72

The problem today is that POO is down plus if the RBA leave interest rates on hold next week the AUD will go up hence causing a double hit on POO in AUD.
BPT quarterly report also showed a 38% drop Yr on Yr in Revenue as they do not have anywhere near the same hedging in place that DLS has.
Personally I still like both socks but at these prices the risk/reward factors just don't make it worth holding for now unless either POO in (AUD) goes up or the SP of both companies goes down.