Sadly, management of both companies have an exceptional track record of pissing money up against the wall .....NEN was FORCED TO sell assets, and didnot make cashcalls into JV (and hence lost prospective acerage)......MEO has had plenty of opportunities to acquire a cash generating asset.......
IMHO - Both co's meet my criteria of "retirement homes" and should be viewed as trading opportunities only .......the "deal" provides plenty of cash for this to continue.
rgds
Value_Hunter
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