ARD Price Target FY07: TBA
ARD EPS Estimate FY07: TBA

Tuesday, May 23, 2006

The Price of Oil is Over $70 Again
Today we Continue the Journey Higher

ARD is making so much money at these prices it puts the best of the best to shame. No reason for the panic selloff to begin with. It was a great buying opportunity. Keyword: WAS. What is amazing is that even a major selloff in oil stocks couldn't keep oil under $70 for very long. This time last year began the long march higher in oil prices. We will probably begin that journey higher as we build on yesterday's gains.