I would like to see Delek dumping 300m Gspe shares without destroying the share price. Who would buy, retail? It seems hard finding a partner, so I doubt that any serious player would absorb those shares.
Delek simply knows that if they sell, the market would see that they are exiting Tau and that means that there is probably zero value left in Gspe.
Delek is hanging around to the end hoping to find an additional partner, and if its not possible before Tau expires they just write off the whole story as tax loss.
However it would be nice to know if Delek has decided to drill even if they dont find a partner. At least it might calm the nerves of both us and the Gspe management. I dont know if they know, or why they dont let us know. Their IR promised me that there would be a PR "soon", but that was in May. And I guess that some people here are busy reporting on daily oil prices and rig count rather than sending questions to management =)
News 
Market Data 
Discover 
