You won't smash me on the way Nazzy. The worst time to sell IMO. There is always a rebound to some extent after an ann fall IMO even if it is small. The sharks are always there, ready to pounce.
Just look at MEO this year, down to 7c and back up to 80c within 6 months. The ann will be either positive that they have a farmin partner or not so positive (but still positive) that they will commit to drilling WA-360-P.
With the latter scenarion, sure there may be a panic/disappointment sell but when pple realise that MEO are still sitting on potentially 70% of 12Tcf gas it's not such a bad bet at all.
Come to think of it, maybe the current SP has already factored in a possible no show by the farminee already and the only way from here is up no matter what. But then I am forever a cautious optimist.
My thoughts only:>))
MEO Price at posting:
47.0¢ Sentiment: LT Buy Disclosure: Held
