I've said it before, but aside from the financial benefit, and message it sends to the investment community, perhaps the biggest long term benefit of a BP partnering deal is to get into a recognizable and positive glide path with fresh and more experienced (and vested) BP leadership. How was that for a run on sentence?!
We need money, but we also need leadership that knows how to git-r-dun. With an investor world seeing that commitment and additional leadership.
Yeah $250 mil would be a big deal for a statement, short of a buy out.