agreed stevenman07........in the run up to Zeus.....the comparable price was around 60s and going higher purely on momentum & anticipation /hype etc... Then Clive Palmer was our bank roll. The only factor I can fathom was the CR (can seen as negative signal). Certainly the CR took us by surprise & appeared to ruin the positive momentum of the SP. Petrobus I believe....given their size & expertise in the O & G sector.....would have been thorough in the DD phase one would think....and any endorsement by them HAS to be viewed POSITIVELY...one would think. In short...the market must view the CR as a sign that Artemis will not produce. Time will tell...but PBR wouldn't be here for no reason.
MEO Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
