I asked that question at the shareholder meeting (about TransCanada's intentions). My understanding was that it was being considered for the whole Keystone Pipeline (where the first unit's pilot program will be initiated). TransCanada will run the pilot at this first location and then there will be some shuffling around and they will place the unit(s) at key points on the pipeline where TransCanada has already specifically done work to target & identify where the AOT will benefit the pipeline most. To answer your question, this is the basis for which the AOT is being evaluated. Your a long time holder, I'm surprised you were not at the meeting. It's too bad, because it was so very informative.
To continue, my impression from Mr. Bigger was for TransCanada's other pipeline's as well, namely because TransCanada suggested and/or asked (back when the China test was being done) STWA why they were doing business in China when TransCanada said "we have an enormous presence there", and doing business in China through a major player like TransCanada would offer many more benefits and synergies including protection and security (I'm paraphrasing most of this). That was when STWA decided to drop China, after their discussions with TransCanada. This, and other logistical reasons we're cited. There is a whole list of other synergies I could think of that would benefit STWA by being in a country like China by partnering with a major player like TransCanada as well; transportation costs, legal costs, installations and maintenance etc...they same way they are going about things now with this first unit. And the list goes on.
I think we should start to think about STWA like they are a part of TransCanada. While they indeed are not (yet anyway ;), and will be signing contracts with other big oil companies (like Bigger mentioned that he couldn't talk about at the meeting), if you were at the shareholder's meeting you heard how integrated STWA is with TransCanada, and how TransCanada obviously have developed the AOT for years right along STWA's side guiding them. It would not surprise me to learn now that this bond began when the PRCI got involved at the lab tests well before the Department of Energy tests. From the beginning of the AOT really. I believe that TransCanada is integral within every decision that STWA makes. I see a great partnership and/or potential merger or acquisition forming here. But that's my speculation. If this program goes as planned, I would not be surprised at some point to see a bid for STWA by TransCanada. Then, if I may speculate, what might happen if the other major oil companies want it as much or more than TransCanada.
As far as your PPS estimate that's a guess and anyone's is as good as mine. The market will determine it. STWA has so many options right now as to what they can do. And if you think about all of the possibilities that could occur in the very near future including optimism about their first real revenue, additional contracts, additional leases, sales, up-listing, TransCanada, international, mergers or acquisitions, etc...you will see there is only one direction the pps will ultimately end up going. Think about how you would feel if some or many of these things occurred close together and you missed altogether after holding for so long. Patients is a virtue. If you believe in a company, and the fundamental reason why you own it, that reason doesn't change just because the stock price goes down.
AI
