Things Might Just Get Better

Recent days in the ASX was not so bad. Things started to pick up pace, and the ASX started to disconnect itself to the US market. Slowly, but I hope it will get there.

As I wrote few days earlier, I was looking to get into more Energy shares. Energy stocks I own, BPT and DYL, have some small upward movement. It still quite disapointing for DYL, but then, it's not oil company afterall.

I rearrange my shareholding by selling AFG and half of my REX. I do not know why I have kept them for so long (too long), knowing that things are unlikely change for the better in the current situation. With the money, I bought ARQ (Arc Energy).

Today, I will try to put down some very rough research on few energy company: (Might worth a look, but as always, DYOR)

1. AED (AED OIL LIMITED)
   
   Highest Price in 12 months 11.4
   Lowest Price in 12 months 1.01
   Current Price 2.27 Trend : Sideways trending up, recently the average line crossed the price line
   Activities: Oil exploration and development


2. AWE (Australian Worldwide Exp) P/E ratio 7.95
   Highest Price in 12 months 4.17
   Lowest Price in 12 months 2.77
   Current Price 4.05 Trend : Trending Up nicely
   Activities : oil and gas exploration and production co
   On 1/05/2008 AMP Becoming a substantial holder
   On 2/05/2008 ABN Amro ceased to be a substantial holder


3. ARQ (Arc Energy) P/E ratio 11.75 Highest Price in 12 months 1.84 Lowest Price in 12 months 0.98 Current Price 1.42
   
   Trend: Trending up with a bit bumpy end, average line already crossed price line
   Broker's Recommendation: Petterson stock broker's report 6 May 2008 - Buy
   Hartley dated 7 April 2008 -Buy
   
4. HZN (Horizon Oil)
   
   Highest Price in 12 months 0.43
   Lowest Price in 12 months 0.21
   Current Price 0.33
   Trend : trending up; average under the price line
   Activities: Petroleum exploration, development and production.