While not entirely impossible i think that scenario is a little bit of wishful thinking. I truly dont think CUE has done themselves any favours in regard to relations with MEO's preferred partner. Do you honestly think that by not signing CUE can hold a major O&G company like Petrobas or Statoil to ransom. I think all that would achieve is blowing the deal for all or the deal goes ahead with 85% and CUE would be kept on the outer or at an arms length, so to speak, by the PP. Caterina is not quite Artemis either - the majors were interested in Artemis and will not be railroaded into any deal. You have to remember these co's demand respect they will not take too kindly to a little nobody trying to mix it up, they will swat them like a fly.
MEO Price at posting:
34.0¢ Sentiment: LT Buy Disclosure: Held