Hempton had it right. IOC was a stock that made everyone look dumb- longs and shorts.
I think my first post in Nov 2009 IOC was $45. Now it's gone around the same price. Lots of fun along the way.
I don't follow IOC much but I do feel some nostalgia.
FWIW I think the deal is done, and think it's not bad under the circumstances (the circumstances being that Hession trashed IOC's balance sheet, lost all bargaining power, and now sells out just as energy seems to be inflecting back up).
What now post IOC? It would be a shame for the crew not to stay together. Heck maybe we can all go long something together?