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

Monday, November 20, 2006

Arena Resources #24 on IBD 100 List
Report in November 20th Edition

Investors Business Daily is a publication that emphasizes trading based on technicals along with a whole host of "trading rules" that can only be characterized as bad advice. For this reason, one should discount the value of the information between the pages. However, due to the fact that the IBD 100 List is a source of ideas for many investors (both retail and institutional) one can not discount the value of being listed #24 on the list. Effectively Arena Resources is getting free advertising for the company and the shares. This fact will put ARD on the radar screen of more investors every day.