The problem with JP is perception and there are two extremes. Some have the opinion he is well down the path to bustville (me included) while others feel there is still a good chance with time he will become a serious player. If you believe the former you are not going to offer anything of value because you don't see much upside in JP. If you in the latter camp you expect a heck of a lot more. I really don't see a middle ground in the situation.
IMO, the oilers should be open to moving anyone but McD. If they get an offer for JP that they deem fair value than it would be wise to move him. Maybe a new environment gets the kid going and it rids them of the what to do with JP. If not, don't give up and keep working with him with the thought he becomes the player you projected.
Its hard with high draft picks because the impact can seriously handcuff an organization for a long period of time. I understand why its difficult for an org to let a guy go who was a high (1st round) pick and admit it did not work out. Thus, get what you think is fair value or keeping working with the player until it becomes obvious.
I am not comparing Sherbak to JP - so no one jump down my throat. When MTL put Sherbak on waivers the MTL boards lost thier mind because everyone thought MB should have got something for him. In reality, he did try to move him but no gm was willing to give as much as a dirty boot and an expired case of milk for him. His real value was 0, actually less. The org had to admit a 1st round pick busted. It sucked but was a clear example of perception and reality. It also failed to help the org move forward. This situation is different because I think many GM's still would place considerable value on JP. More time is needed to really understand his potential.
Hopefully, for the oil JP works out and becomes the player predicted. The fans deserve better. For thier sake I am glad they got rid of Chia.
Just my 2 cents.