Hmmm. I thought people hated Obama for the usual reasons they hate presidents, IE our side good, their side bad. . Maybe if only he were white, the republicans would love him? Interesting theory.
But on a more serious note, check out coal prices leading up to and following the last presidential election. It's not rocket science.
Anyone who thinks NPV matters more than current stock prices don't know anything about arbitrage.
BRY longs will only be looking at the respective current share prices. Institutions aren't stupid. The deal won't happen at these share prices.
" He is on the commode."
He's not on it, he's in it.