MEO
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0.00% 0.0¢ meo australia limited

ENI will continue to sit on their hands re: Heron & Blackwood as...

  1. Tonik
    198 Posts.
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    30/10/14
    09:20
    Post #: 14205179
    ENI will continue to sit on their hands re: Heron & Blackwood as they know that they have MEO on its knees. Why carry MEO in drilling costs, etc.. when they will pick these assets up with TS & other interests for chump change in the near future. MEO management has long been out of its depth and with UBS now on board to tidy things up only further highlights that Hendrich & Co are out of options.
    Hopefully UBS will negotiate the best outcome for SHAREHOLDERS but, with all things MEO, there no doubt will be disappointment.
    MEO Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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