"This agreement represents a significant opportunity in line with Eni?s strategy to increase its business presence in Australia, an OECD country, and the south-east Asian region generally, through organic and acquisitive growth of quick to market hydrocarbon discoveries"
Should be a lowish risk move back to at least 40c sometime this year imo. It's been good buying over the last few months. sure it may stay at this level for a while but to me it looks as though it has done enough consolidation for now.
MEO Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held