ARD Limit Order Filled @ $34.86
Expect Excellent Q3 Results Friday After the Close

Many wanting to find an entry point before final Q3'06 results are released after the market close on friday (10Q should be posted at this time) will be looking for the right opportunity between now and then.

Without a Doubt ARD is Undervalued

ARD is trading with a P/E ratio of 29 on ttm earnings of $1.18. Factor in expected Q3 results of $0.50 and the ttm earnings increase to $1.40 along with a P/E ratio of only 24. That is a bargain considering that ARD is the leader in terms of low cost structure, high operating margin, net profit margin, production growth, EBIT per BOE produced, cost per BOE produced with a superior balance sheet. The management team is second to none. Look for the company to impress after the close on Friday. Also look for the company to impress on Monday with the conference call. The key will be the results of any 5400'+ wells drilled in Kansas to the St.Louis formation. The results could be exciting. Hopefully there will be at least one successful completion to the oil bearing St.Louis formation.