Time and management energy and "experts" advice is slowing both...

Time and management energy and "experts" advice is slowing both companys and stopping correct valuations as so many swaps will be in place.

The pricing tension is not holding either stock up but has them both locked in ratio. STO imo particularly being help back in valuation ATM but also lucky in regards to recent PNG drama as it held up in price when normally they would have been a traders opportunity to shake the tree and range trade it a bit so STO has recently benefited..

Both WDS and STO can fund going forward independently and both have projects at different growth and cash stages . I think both CEO feared a cheap offer so are possibly trying to protect themselves from large oil company's undervalued bids on either company separately and they got their heads together looking at a " merger" to see what value could be created what market would think . For years bankers and advisors have called them both undervalued wanting some fees for corporate action based on metrics of majors who have a different spread of projects and pipeline upcoming.