If it is not a major (e.g. someone like Cairn Energy who I don't think should be classed as such) then yes there will most likely be a hit to the SP unless we have kept more than the 20% expected or got a great deal in another way. If it was Cairn and 20% then prob expect a retrace to mid 40s IMO with movements around this in the next month or two dictated by the overall market sentiment. Then price should still start rising in month before drilling.
They have said consistently that it is a major so hoping it's not Cairn and is actually Petrobras (Repsol also a good bet). If it's Petro then price likely to go up at least 10% - more if the deal is particularly good.
As for TH, it's a maybe. My money is on a halt tomorrow and a pre-market announcement on Thursday. But who knows???
All IMO of course, SP plots it's own course based on the money of people other than me...
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