The Tale of the Owl and the Squirrel

As unlikely as it seems, a squirrel has been carrying leaves for nesting to the owl tree, stuffing them in a hole several feet below the owls' cavity and perhaps 90° offset. Yesterday the squirrel, confident in his maneuverability, perched on a stubby branch just on the other side of the owl.

The owl knew the squirrel was there, and also knew that she was better at snatching critters on the ground than squirrels in a tree. Eventually she decided to fly off to the nearby pine tree in which she likes to pass the time of day while keeping an eye on the nest. Her departure alarmed the squirrel.

I have no idea what the outcome of this proximity will be. What do you think will be the ending to the tale of the owl and the squirrel?