All that only goes to prove my earlier point. The guy is sitting...

All that only goes to prove my earlier point. The guy is sitting on top of two businesses that are dinosaurs about to be made extinct as the big rock is now plummeting through space on a collision course. The media business will be depleted by competition, falling advertising revenue and the new technologies. The big truck business will be depleted by the massive mal-investment in overcapacity in China and Australia. So oil and gas were the third choice on the shopping list in his diversification plan. Apparently he is in such a rush to diversify that he had brush off the oil and gas text books real fast. But lucky he has X-ray vision and "see value where others don't". Other who have been running these businesses on the ground for decades.

DLS has long term potential if oil prices do in fact recover in 12-18 months time, but they still need to run the business in the meantime and that won't be pretty for them or their SP IMO. Hope the corporate play that speculator101 is proposing happens and we see a little premium from this level. What I don't understand however speculator101, if BPT's business model is now currently broken and they need to rely on DLS's acreage to fix it, why the hell would DLS shareholders want to take BPT scrip. They might offer us a scrip premium, but you still need to add in the discount due to their broken business model and that discount is not easy to determine, particularly in these uncertain times for oil and gas. Their scrip premium would need to be pretty hefty before DLS shareholders should look at it IMO.

Eshmun