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Monday, October 29, 2012 10:58:10 AM
Shyster shorts have their ways of covering if they feel the need.
Other shorts may provide some entertaining, but limited, action.
I don't think there is anyone who didn't think there would be some kind of announcement eventually.
The limited announcement will keep some conservative investors frozen until it's written in stone. (what a conservative investor would be doing here I have no idea)
So 3 weeks til it's a done deal, end of year before it's closed, risk of manipulation for short covering if terms are favorable.
I'm expecting a slow build to the end of the year if everything stays positive.
edit: I should add that I'm personally thrilled that it was Tullow that came out on top in the bidding. A Chevron type of partner could have easily drug this onto the back burner with buerocracy and budget planning. Tullow is in the neighborhood with the resources and flexibilty to git-r-done.
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