I think Millsap is good value at $7 to $7.5. Once you hit $8 to $8.5 you start to get on thinner ice. At this point you say okay we will go 4 years at $7.5, but only 3 at $8.5...
However, once it hits $9, 9.5, 10, 10.5, or 11 you have to start looking at 2 years or walk away.