MEO 0.00% 0.0¢ meo australia limited

announcement out, page-6

  1. 2,083 Posts.
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    ahpigsy,

    "This agreement represents a significant opportunity in line with Eni?s strategy to increase its business presence in Australia, an OECD country, and the south-east Asian region
    generally, through organic and acquisitive growth of quick to market hydrocarbon discoveries"

    Should be a lowish risk move back to at least 40c sometime this year imo. It's been good buying over the last few months. sure it may stay at this level for a while but to me it looks as though it has done enough consolidation for now.
 
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