Had seen the story as interesting and credible for a couple of years, but missed the take off last year, only getting a micro parcel from the SPP etc around $1. The bluesky component just became too expensive for me.
At 80 cents the risk today sure isn't twice what it was at 160 recently. Compared with KAR which has a larger mc, but lesser stake in undrilled prospects, I see MEO attractive valuewise.
Anyway my two pennies worth, and I have only taken a insubstantial speculative portfolio position - not going to bet the house on it.
EL
MEO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
