There was always going to be a lot of short & long term holder taking a profit here. Hope everyone exiting got what they wanted.
However with Petrobras behind the endeavor, and no uncertainty anymore about the drilling of Artremis, the SP should climb up until the lead up of drilling, based on the huge potential upside here upon success.
I expect some more profit taking today before a strong climb over the next few weeks as more people look to capitalise on the real potential growth here, not just the short term Farm-in gain we have seen today.
Well done MEO for getting us to this point. Long Term MEOmites now hold on while we take the next inevitable steps.
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