Duma: Gov approval should be easy and quick

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Part of it is disappointed investors, probably not all that much by the deal, but by the stock price action.

Part of it is the shorts piling on

And part of it is something I've touched on earlier, the different laws of IOC as a business, and IOC as a stock.

For the business, the deal is very good, but for the stock price, which moves on a much different time scale and dynamic, less so. These will align at some time again, for instance, when these wells start to spud Q1 next year.