MEO 0.00% 0.0¢ meo australia limited

Can MEO be potential takeover target?

  1. nkl
    274 Posts.
    lightbulb Created with Sketch. 3
    Can MEO AUSTRALIA LIMITED (ASX: MEO) be potential takeover target for following reasons?
    1. MEO's Block 9 has significant Hydrocarbon reserves and is closed to infrastructure
    2. It has fiscal discipline
    3. Solid cash position
    4. Operating in High impact and low cost environment
    5. Market capitalization is small (less than $ 30 million)
    6. Cuba where it mainly operates relation is getting better with USA & other Developed Economies
    7. Low Crude price promote M&A for better cost realization
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.