re: **arq and hdr** I think one is entitled to weigh up current profits when assessing the relative value of stocks. A bird in the hand is worth two in the bush. (I know that is simplistic.) I looked at purchasing HDR but dismissed it as poor value.
ARQ was trading on a very low PE, with substantial proft increases ahead. ARQ made over $20 million after tax profit in the 2004 financial year, in contrast to HDR.
ARQ also has an interesting and aggressive drilling programme ahead.
** dongara 31 oil well **, page-20
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