first is *selling* is a short term solution that removes a potential cash cow out of P2O's long term equation
I agree with that assessment - if they manage to lease it, it will be instructive to see how much revenue it will provide to operations on a quarterly basis. I wonder if revenues for the blending site follow fluctuations in oil prices, or if they make money regardless?
second is clearly P2O doesn't *need to fire sale* this asset
The arbitrary assignment of "a couple million" to the value of both the blending site and HQ may significantly underestimate the value of being fully permitted where they are located. "Give away" might be a better description than "fire sale".