This would explain why SXY has failed to make any serious upward...

This would explain why SXY has failed to make any serious upward movement. Granted, it appears to have broken out of its recent trading range, with $0.40 appearing to be the new floor. But what happens if the STO deal doesn't proceed? Could this encourage more punters to pour into SXY given there is M&A activity afoot? Or could it break SXY's seemingly new floor and push it back down to $0.36 (or even $0.32)?

GLTAH.