MEO meo australia limited

This theory seems to be gaining some weight on this forum. It...

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    This theory seems to be gaining some weight on this forum. It would seem a reasonable business decision if you reckoned there was a good possibility of hitting 12tcf and your share was likely to be greatly enhanced by getting rid of a couple of non-value add free loaders.

    The buy side looks strong so we will have to watch developments - price might rocket if the way forward is to drill Artemis again - could make those who sold out at the bottom rue their decision.

    Long term has to be a hold as there is value in addition to the cash backing. The PBR relationship must also be worth something too.
 
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