is the blackwood delay a good thing..., page-9

That MEO are on their knees has no argument from me. But a hostile takeover can prove expensive if there are more than one party interested.

If it was just Blackwood, 454 and even Ibor, then sure I think a simple takeover or M&A may be a possibility.

Where a takeover becomes more expensive is MEO's TS Project.

I'm sure that ConcoPhillips, Woodside, ENI, Shell would all like to have it. It could save them each Billions in infrastructure costs for their respective holdings in the area.

This IMO would be the driver on MEO's price.

As an example - a simple $150m from each of them for a 25% stake would see around a $1 share price takeover offer. A pittance really for what they would get.

Also one has to throw FIRB into the mix. A M&A which included an Australian Company - Woodside may stand a better chance. A hostile takeover by only foreign owned O&G companies may fall down at Federal Level.

Just my 2c anyway, cheers.