sell down bargain buy, page-15

ARQ's production is not stable. It has declined.

What has ARQ's exploration done to increase or stabilise its reserve situation over the last 18 months?

To me ARQ is now unfortunately looking more like a quality spec oiler with a good short term cash flow, that you purchase punting on a big exploration hit.

With the severe decline in ARQ's share price in relation to other oilers I even wonder now if ARQ is in danger of losing its position as an ASX 200 company. Its market cap is now only around $300 million.

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Subject re: sell down bargain buy
Stock Code ARQ - ARC ENERGY LIMITED
Posted 11/09/06 21:53
Posted by OilWatcher
Post #1247347 - 33 reads
In Reply to msg #1241565

What the ???

This is an absurd price for ARQ:.. what about the nice stable production underpinning the value, the 12 month drilling contract, opportunities in Canning, Yemen etc.... Quick someone, loan me another buck so I can buy another share!

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