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274 Posts.
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17/07/16
10:56
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Can MEO AUSTRALIA LIMITED (ASX: MEO) be potential takeover target for following reasons?
- MEO's Block 9 has significant Hydrocarbon reserves and is closed to infrastructure
- It has fiscal discipline
- Solid cash position
- Operating in High impact and low cost environment
- Market capitalization is small (less than $ 30 million)
- Cuba where it mainly operates relation is getting better with USA & other Developed Economies
- Low Crude price promote M&A for better cost realization
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