Makes perfect sense to me....also meo have prospects very close to other eni sites and eni have a stated aim of expansion in asia. But BHP or Woodside or even Shell are active in the meo area's and would also make sense to takeover meo...and joint venture with eni. Deep pockets are required in bring all this new gas to market.Meo dont have deep enough pockets.Its metaphoric that Meo sounds like the noise that a cat would make after it has swollowed a meal...Perhaps eni will make a similar sound in the next 6 months....could get any more cheap meo shares today....perhaps when they ann a plug and abandon I will get another chance...
MEO Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held