mick1708: I am NOT one of those full of "know-how" about the oil...

mick1708: I am NOT one of those full of "know-how" about the oil business in general and about ITC in particular. guttedsquid/tui/gottalovevmt and a few others come to mind.
However, I am a strong believer that ITC will be doing very well in the months to come. IF ITC will still be independent by Christmas, then ITC's sp will be much higher than now, i.e. at least in the territory of 8c to 10c (and possibly quite a bit higher - I am conservative by nature with "forecasts" which in fact are more like "guesswork").
If corporate action will ensue before Christmas, it will depend a lot which company will try a take-over. IF several companies would bid, that would be the best scenario for an elevated sp.
Not sure this answers your question. I positively would not sell now but later.
Others will reply to you as well and probably will give you a more "in-depth" picture.
wasa