32% GCOS - why is everyone panicking and running for cover. We missed at the first attempt, but there?s still a chance of Petrobas drilling another well or 2! I don?t understand why everyone is so negative, the odds were against us from the start. What if Perobas do drill another well, what happens to the share price then? We have not even heard of their intentions yet, so talk about over-reacting.
Petrobas have put a lot of time and money into this and to walk away after 1 well with a 32% GCOS is crazy. I think they will go again at a different location. Just my 2 cents worth!
I topped up today in a big way. The share price will rebound IMO.
MEO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
