Guessing Hammerhead acquires Pipestonebut not until the execution of the SIB. Think Riverstone can do the deal with GMT approval assuming they have Al Mehwar who was previously aligned by Riverstone - Paul Wanklyn also backed by Riverstone to my knowledge. Deal could go down aroudn $4.50 in my view as that was the price prior Riverstone sold shares to Ninepoint.
I think it would be good for Pipestone investors as it would derisk the company and make a bigger and stronger E&P with similiar production profile and still low debt. It would remain an appealing takeover candidate for larger E&Ps.
Hope it happens. Think it could.
That being said, there could also be potentailly other would-be buyers out there still (cresncet point, paramount resources, maybe)