MOG 0.00% 0.5¢ moby oil & gas ltd

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  1. 1,888 Posts.

    On the contrary I think now is the time to buy. The news of the SPP is out there and the SP looks to be holding steady. If anything I think this is likely to climb this week as we saw with MEO on Friday (it closed higher than its open for the first time in awhile). People know we are getting close to the MEO announcement and if it is:

    POSITIVE: MOG and MEO will both spike.

    NEGATIVE (negotiations have stalled or MEO got less than what they are looking for): then MOG will spike and MEO are in trouble. If MEO's negotiations stall then I for one will be buying more MOG on the basis that of the post at the top of the thread. Those that think MOG is shot if MEO's farmin falls over arent looking at the numbers here. The revised deal is almost too good, but the pattern here since September is that Albers has been trying to increase the profile of Moby, to the point now where it is too big to fail! If the SP looks weak then another deal comes along or in this case more favorable conditions.

 
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