No I suppose you wouldn't but many others with a broader view would call it excellent work.
The same guys that are ultimately responsible for recent acquisitions and $90 mil in the kitty, despite a duster which is far more common than not in this game, are not ultimately responsible for the world economy.
They are ultimately responsible for the safeguarding and investment of funds in a dodgy world economy so the share buyback is ultimately in keeping with this aim.
Ultimately MEO is in much better shape SP vs cash value than some other producing oilers which we won't mention
MEO Price at posting:
15.5¢ Sentiment: Buy Disclosure: Not Held
