hyperopia, many thanks for this clear and well balanced report.
You are spot on with most points, especially the explaination of why Northwest takes so long.
I've always believed LP has set a minimum price, and BP knows this price, and from their standpoint, Northwest needs to hit certain milestones to acheive it. At least one approval being one of them.
We're getting there, slowly but surely.
It's only a matter of time.
Bullish