Arena Resources Update

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dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

Arena Resources Update

Post by dan_s »

Arena Resources (ARD) crushed my forecast for the first quarter by reporting EPS of $0.46, that is 10 cents above my forecast.

ARD is debt free and heavily weighted to oil.

SD is getting a good deal on this merger.

ARD's "Fair Value" is being raised to $44/share.

My detailed forecast model will be uploaded to the Home Page later today.

Dan
Dan Steffens
Energy Prospectus Group
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