Counter bid time IMHO.
XOM and COP must take a position in some of this stuff not to mention BP and CVX.
They run the risk of FOMO, they either get STO or will have to have a look at ORG, WPL, OSH, CTX, SXY, APA and AGL.
If they do not get an Australian co, they will need to settle on Tullow, Premier, Faroe and Ophir, things like those. As you can see the list deteriorates after the first half dozen.
STO still to cheap under $6 IMHO. Some of the bidders r about to find out.
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