My thoughts are opposite. I think it put a floor to the down trend and will ensure 30c holds and options get converted. But make your own call.
It also provides additional funds, maybe to take out ITC. Maybe a cash and scrip deal. May pick up ITC also soon as this to my mind is a possible and likely outcome by June. VPE with 100% of the oil fairway would be very good.
decisions for share/option holders, page-15
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