I'm buying VOC because, page-123

Still net debt down to $750m or so, with EBITDA around $330m (with upside if they can clean up the mess).

Net debt/EBITDA falls to 2x.

I always felt they are not in the state to splurge on capex irrespective of how important the project is.  This is where they need to be creative.  If they can get their partners to pay upfront or find alternate sources of debt, I've mentioned before that they will need to do this.

Then the next step is, comfort the bankers an extend their debt maturity.

We should be at $2.70+ on this news, and over $3 on any news of extending the debt maturity.