I'll leave the TA to the experts.FA though is of interest atm.I...

I'll leave the TA to the experts.

FA though is of interest atm.

I wanted to re-invest some trades into an Artemis stock (some may know I was majority CUE)
But the dipping MOG/MEO and stronger CUE sp made the assessment interesting.

MOG is cheap, but no cash means it will be raising and diluting a lot after Artemis#1.
(Needs $18millions for Artemis #2 & #3)
$18 million is a big dilution of its current market cap which is ~$50milliion.
1/3 the market cap of MEO is not a big enough discount

CUE has many diverse assets and is on track to net over $20million for this year.

But MEO got the nod.
MEO has a lower market cap atm
20% W.I. versus 15% W.I. in Artemis
The cash bonuses will generate considerably more cash than CUE will in production. The first bonus less risk.
CUE's production is projected to decline from 2010 to 2014 - so MEO should maintain the better cashflow.
This doesn't account for the $18million CUE has to find for #2 & #3 wells versus MEO's free carry.
Or the $7million reimbursement.

CUE's farmin with WPL for Caterina is promising but much further away than Artemis.

So,

When MEO was 55 cents and CUE 22 cents - it was easy to put most into CUE.
On today's share prices - the decision was just as easy imo.