Has anyone thought of the negatives? What if MEO did not announce a farmout partner - did not drill be Dec 2009 and lost 50% to MOG? Well, wouldn't MOG fly then and wouldn't MEO go down! I doubt that will happen - looks like MEO going up to 1.20ish and MOG up to $1.00 short term (by end Oct).
Almost got back into MEO today but decided to hold out. Looking to re-enter tomorrow if dow is red. Good luck to all!
Any guesses what MOG will go to before traders pull the pin? Reminds me of MMR and BUY 3 weeks ago. They went up 2-3 days before slumping.
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