Things are definitely looking better for mpo.My bet is on! MPO...

Things are definitely looking better for mpo.

My bet is on! MPO have sunk substantial capital into their programs over the past 12 months. When you consider their cash position and very moderate e/v, they look like a prospect with very moderate down side risk.

Combine this with their current trading pattern and momentum swing and we could see some serious fireworks. 60cps looks like a very key point to break in an almost 4 year down trend. If they break and hold this line then I think holders will be very happy.

Waiting for the market is one way, even better would be if we could do it on the back of some good drilling results!!!

SF