I don't know why not, its not as if the amount of days in the year increases by 50% as well.
I thought that the origianl raison d'etre of Looping was to buy low - you can see why Waterworld may be a motivated seller right now - invest and sell high. One would wonder whether their is a change and a desire to keep hold and profit that way. It would be interesting to see how they would invest in Waterworld.