RE:hot money?The current price reflects the market view of the sum of the parts, supporting a sell now strategy. But, there are many who cannot sell and walk away from that dividend; many of those will sell after they get it, likely putting some pressure on post closing SDE price.
Owning a similar amount of CPG, I am also dealing with the illusion that SDE is trnsferring 40,000 bopd to CPG, leaving me with the same small share of their combine production, with the bonus of a big dividend to reduce my cost basis.
This management is very good, and shareholder friendly. Given their track record, Ill be involved with SDE for the long term