MEO 0.00% 0.0¢ meo australia limited

I am back from one week in purgatory!Just been to see the doctor...

  1. 521 Posts.
    I am back from one week in purgatory!

    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


 
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