poker23 Sep 2019 15:46
player 1 is sat on 9, J, Q, K all hearts
player 2 is sat on 10, J, Q, K all clubs.
1 card to turn.
I would take player 2's handover player 1's hand every time.
It is the same with BPC, having a farm in is a preferred outcome (for those that want to see us drill) having a fall back option to self fund is not as attractive but it gives 2 possible routes to a drill.
I do not agree nor disagree with the view of sell now and buy back on placing as the correct strategy. The logic holds true that in the instance where we go to a placing doing so will bring higher rewards for those that sell and buy back.
However, it relies on placing and the buying back the volumes at the right price.
Regardless of the odds there are 2 options for BPC, stand alone or farm in. Even if the market SP suggests farm in is unlikely there is nothing to stop an 11th hour deal landing and driving a coach and horses through an otherwise sound strategy.
how you weight probability of outcomes is down to you.
personally I would sooner be all in than all out this close to the end game.
but it is just my opinion.