MAY 4.55% 2.3¢ melbana energy limited

Slow And Steady, page-59

  1. 2,691 Posts.
    lightbulb Created with Sketch. 341
    Hi Smiteoff
    I believe Cuba relies heavily on Venezuela for nearly all its oil needs.
    If MAY/Sonangol can produce a commercial discovery i think Sonangol will prefer to be the in country multi decade sole provider.
    A very simple supply demand oil friendly jurisdiction.
    Yes they have or are trying to sell some of their oil plays but not all of them.
    I see a deal being as everything has a price and our CEO will want to monetize and move on.
    _ebit
 
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