Interesting to see a healthy volume today. 8.9 million gone. Wonder how many overseas cross trades have gone in the last 2 hours (none, one or more, I haven't chk'd)
I think we should see the 70's today. Another 52 week milestone!!
I hope, those who've held this for long had their chance to average down esp. when this was creeping up from the 20-30's.
The key thing with its SP rise since July onwards is the steady rise, not a spike & a drop. The climb has been steady & well spread. Key factor to this is the overall sentiment in the mkt.
With every other stk with a decent project under its belt, perhaps the tide has turned for MEO indeed & the timing is great with the coverage on Gorgon & the Santos Deal with GDF Suez up north. The mkt is perhaps on the lookout for the next big thing since the one that got away & MEO have said they have a 20 Tcf GIIP asset. Lets see, what the neighbours think of this.
As expected, this 8.9 mil. volume is more then the daily volumes we have seen over the past week (3-5 mill).
I think there are bigger forces at play, who perhaps are setting up for the month end deadline. Wonder when the 'full house' sign goes up here !! Time to b patient.
Interesting to see a healthy volume today. 8.9 million gone....
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