Just been to see the doctor - a real medico - for blood tests - excepting for getting older hopefully everything just ticking along. Just like good old MEO!
My MEO holding is also seven figures plus plus and I am quite relax about developments. Hopefully all signed and sealed this week but no later than end of next week.
Recent developments - the Santos sale of Evans Shoal gas interest to Magellan highlights that there is at least one stranded/alternative fuel not yet exploited. Until now MEO is the only one doing the song and dance on methanol - hopefully this will change. I am hopeful that this year will see deals/interest in MEO's TSMP/TSLNG and NT/P68. I am sure things are quietly bubbling along. Still, if Magellan is dealing in this space it will have to have very deep pockets and a big brother - some say it's Methanex. Magellan is only a minnow.
I have been adding [averaging down some would say] at 33c and I still have capacity to add more at 33c. LNG/Methanol is a big boys' game - and MEO is my one high risk/high reward play in the O+G space. My long term O+G investment stocks are WPL and OSH.
All the above is IMHO of course. DYOR
Cheers, gasbag
MEO Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held