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Re: verjamb post# 13110

Monday, 10/29/2012 10:58:10 AM

Monday, October 29, 2012 10:58:10 AM

Post# of 21090
I'm guessing (and hope I'm wrong) that initial response will be muted.
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.