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

Monday, June 05, 2006

Top 10 Reasons to Buy ARD Shares Today
ARD Limit Order Filled @ $32.90

1. ARD production higher.
2. Oil prices higher.
3. ARD Oil Assets per Share to jump in 2006 due to either acquisition and/or result of massive drilling program.
4. No Debt/Unhedged.
5. EBIT/BOE produced superior to any oil company.
6. Cost /BOE produced superior to any oil company.
7. Worldwide Peak Oil....(Supplies dropping 8% YoY in USA. The same is true for many mature oil producing regions of the world.)
8. Worldwide Demand increasing. (Can you say Chindia?)
9. Gas prices are inelastic at current YoY levels in USA (36% increases cause virtually no loss in gasoline demand.)
10. Now is the time to build up an inventory of ARD shares in anticipation of rising share prices just as the oil industry has above normal inventory levels in anticipation of rising oil prices and/or supply disruptions.