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.
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Open | High | Low | Value | Volume |
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5 | 1830344 | 0.145 |
4 | 164180 | 0.140 |
4 | 32228 | 0.135 |
2 | 15398 | 0.130 |
Price($) | Vol. | No. |
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0.155 | 1538295 | 19 |
0.160 | 698265 | 14 |
0.165 | 563584 | 9 |
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