As from this morning I'm doing the MEO one stock strategy.....again. Now hold more MEO than Ive ever had...I think in *alls deep is the term. I held MEO as a single stock up until several months back. Figuring (wrongly as it transpires) that things would take a while to get moving so I sold down about 80% of my holding. ENI are certainly keen to get moving and all the indications are that TS is more certain than ever.
I also notice on the latest roadshow ann that 360 & 361 as well as 454 are listed as possible wells 2H 2013. This leads me to believe there is much going on behind the doors of Collins St.
On a side note SpaceX seems a little analogous to MEO. The doubters have been whinging for years that they will never do it, but despite this they have attracted staff that could work anywhere for far greater money and security. Very very bright people don't put careers and reputation on the line to fail. http://www.cbsnews.com/8301-18560_162-57399210/spacex-entrepreneurs-race-to-space/
MEO Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
