ARD Shares Poised to Rally
History Indicates Acquisition Announcement Imminent; First Quarter Operational Update to be Released Soon.
The ARD announcement of the increase and extension of credit facility historically indicates that there is a strong probability of an acquisition announcement on the near horizon. One need only look at history.
Here are the dates of the last credit facility increases, the dollar amounts and properties acquired:
Date____Credit Facility/Base__Date of Acquisition/Property
Apr 14 04....$15 mm/$8.5 mm......Apr 23 04-East Hobbs SA
Nov 04........$25 mm/$15 mm........Dec 04-Fuhrman-Mascho
May 05........$50 mm/$35 mm.......May 05-Parrish Lease
Mar 06........$150mm/$50mm...... ???
Based on history I"m expecting another acquisition in the next 3 months. Also, look for the operational update to be issued in the next 2 weeks. Both of these facts should be drivers of share price in the short term.
History Indicates Acquisition Announcement Imminent; First Quarter Operational Update to be Released Soon.
The ARD announcement of the increase and extension of credit facility historically indicates that there is a strong probability of an acquisition announcement on the near horizon. One need only look at history.
Here are the dates of the last credit facility increases, the dollar amounts and properties acquired:
Date____Credit Facility/Base__Date of Acquisition/Property
Apr 14 04....$15 mm/$8.5 mm......Apr 23 04-East Hobbs SA
Nov 04........$25 mm/$15 mm........Dec 04-Fuhrman-Mascho
May 05........$50 mm/$35 mm.......May 05-Parrish Lease
Mar 06........$150mm/$50mm...... ???
Based on history I"m expecting another acquisition in the next 3 months. Also, look for the operational update to be issued in the next 2 weeks. Both of these facts should be drivers of share price in the short term.
posted by -Aztec- at 8:14 AM
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