from buffet - a reminder, page-2

Pgamble76,
The known estimates may not have changed but punters short term attitude to stocks changes with the wind. Bottom line is that the patient investors in MOG are going to get a free carry interest in a well drilled this year or worst case scenario their stake in project will increase if MEO defaulted. Given MEO obviously had a major's support it would appear the current long term holders are not alone in their thoughts & potential values on MOG.
Its not hard to work out why the impatient hardly ever win the big jackpots on offer to the patient.
Regards
Buffett