12-04-2012, 12:24 PM
Tree - You won't find me arguing that $3.25/mcf is a bad price and not good investment for PNG. I'm only saying $2.25 for the 27.5% is a better price. If I were a young guy working on behalf of PNG trying to make my mark in the world I'd look a lot more attractive to future employers by getting the $2.25 (or $1.25) for my employer.
On a different scale, if you've got 20,000 shares of this puppy would you rather see it go to $150 or $250? Just human nature getting in the way.