MEO meo australia limited
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Can MEO be potential takeover target?

  1. nkl
    274 Posts.
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    17/07/16
    10:56
    Post #: 18287833
    Can MEO AUSTRALIA LIMITED (ASX: MEO) be potential takeover target for following reasons?
    1. MEO's Block 9 has significant Hydrocarbon reserves and is closed to infrastructure
    2. It has fiscal discipline
    3. Solid cash position
    4. Operating in High impact and low cost environment
    5. Market capitalization is small (less than $ 30 million)
    6. Cuba where it mainly operates relation is getting better with USA & other Developed Economies
    7. Low Crude price promote M&A for better cost realization
    MEO Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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