Ann: Acquires additional 5% equity in WA-360-P , page-2

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  1. 11,543 Posts.
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    re: Ann: MEO: Acquires additional 5% equity i... Seems to me like a bit of a firesale disposal by MOG.

    Values our 15% at about 3.5 cps. Although it is probably about all the market is currently factoring into our sp, it still seems modest to me, esp relative to Petrobras's (and MEO punters) enthusiasm.

    Certainly highlights the hazards of "investing" in tiddlers like MOG vs investing in stronger players like CUE.

    EL
 
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