12-06-2013, 02:12 PM
I think no call would allow the shorts to play with the stock. I can't remember a company with this significant of an announcement not holding a call. They have bungled the message many times before but I think the new regime will deal with this appropriately. They are talking to the sell side tonight so they can refine their models and have them ready top publish ahead of the call in the morning. I would be shocked unless they literally signed the deal hours ago. Still, I think they would know all the details and what they would have to convey to the market. This has been one of IOCs achilles heels in the past. If you are an institutional hodler you want/need call in the am before the open.