shareholders breathing through a straw, page-8

arq is starting to look very cheap and most analyst reports (aegis) suggest that it is undervalued on a fundamental basis.

its enterprise value divided by earnings before income tax depreciation and amortisation for fy08 i believe and you should check this for yourself is approx 2.6 ish. i was unable to find another oil company that cheap.

apparently it has real growth prospects in that it will be drilling or participating in 20 wells.

moreover i has something like 130 odd mill cash in the bank.

it is however a high risk play cos energy demand some say will slow if the us tanks further. i hope the developing world will pick up the slack.

since i am an amateur with no real expertise you should check all of the above with an expert and exercise great caution. in this market chances are you will loose money.