I think today was purely due to the ORG CR & the horts are...

I think today was purely due to the ORG CR & the horts are banking on STO doing the same.
Oil was up last night & its up again tonight. equities to having a good night.
Copper is surging so if I stays that way we could see a sharp reversal tomorrow.
The volume today would be combination of shorters, buyers from the recent rally forced out & yes bound to be some taking their dividends off the table. I would suggest a lot of ammunition was used up today by speculators shorting. It is now a massive position & any spike in oil may see them scurry.
We know STO will be making decisions over the next month to de-risk the company & alleviate some debt.
If it was a CR what's the downside? Pehaps a lower price for the CR, that de-risks the company only for it to end up a lot higher. Or even better they sell an asset & raise a couple of billion that allows them to ride through

I hope they take a 3rd option and issue a convertible bond with conversion in two years or so.
That will buy them enough time & if there is dilution in a few years its likely to be at significantly higher share price. They have the funds no to get through to when GLNG is up & running fully so they may just choose to ride it out.