Ok ok , lets presume that when the deal was struck that...

Ok ok , lets presume that when the deal was struck that Petrobras actually did or considered applying for approval. Your right I dont know exactly when it was lodged.Sorry my bad. But at some stage they will or will not gain approval. Unless its all a hoax. And therefore when it is or is not approved the principles apply. Meo will not sink sub thirty. My point was, is this a buying opportunity. Its a punt. Upside is amazing, downside is short medium term weakness. I believe we are bottom here, everthing points to it. Its not often that the facts are so clearly laid out for us.
Be lucky