Thanks cmonaussie. On the surface you would think that STO/CVX, the big two, would make the logical connection. That would leave BPT and ICN as the ones between a rock and a hard place.
That 35.1% of ATP855, plus the 33.33% of the Post Permian section of PEL218 (that should not be left out of the equation) puts Icon and Beach right in the firing line, either as a complete T/O (IMO doubtful)but certainly puts a huge premium on those shares.
But, it's all about results, albeit that STO and CVX have already anticipated them, while the "market" hasn't!!!!
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