MEO

This stock was recommended to me by my brother.  It did well, then it did badly because of one bad drilling result with Petrobra funding the cost.  But because of the JV, it has a lot of cash, donated by Brazilians.  Hence, its share price has never plunged.

In recent times, it has had a SPP which I participated because the prospect is excellent.  The NW Shelf of WA is full of gas and oil.  Today, with Eni, a big Italian O&G company, it has found more than 300m of gas.  yet the share price has only moved 3c to 22c.  I have put in a 21.5c bid so if there are idiots selling on good news, I am there to help.  The other good news is Eni wants early production!