WCG 1.47% 6.7¢ webcentral group limited.

** happy new year **

  1. 24,765 Posts.
    A Happy New Year to all ARQ shareholders. 2005 could be the biggest year of all for ARQ. Any guesses for what the price will hit by annual profit reporting time - 31st. August?

    I'll kick off by estimating a conservative price around $3.00 based on:

    1. The oil price staying at US$35 plus.

    2. A market rerating of oil producers, particularly unhedged producers, as the market accepts that $10 and $20 oil is not coming back.

    3. More exploration success by ARQ leading to a rerating of ARQ in comparison with many other oilers.

    4. Excellent profits by ARQ, leading to higher anticipated future profits and again a rerating of ARQ in comparison with many other oilers.
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