I think there is kind of binary outcome for these shares based on what happens to the price of oil. (longtermvalue.wordpress.com)
This is radically different from my valuation last year, which now looks plain silly, but distressed companies tend to enjoy (or suffer) such binary outcomes. (wexboy.wordpress.com)
Trouble is, in the short term, you just can't escape that actual binary outcome. (wexboy.wordpress.com)