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Gold/Mining/Energy : AE: Adams Resources & Energy -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (1)	11/11/2004 10:06:50 AM
From: MarcG	Read Replies (2) \| Respond to of 8

You've come a long ways. AE is today hitting new annual highs and not that far off historical highs around $20. Petro complex distribution division has been turned around strongly and dividend was just raised 30% to $0.30. Latest Q3 earnings were super, the catalyst for the current move displaying an early flagpole pattern. North Sea wildcatting could provide a big future kicker. Tight supplies of energy will also do wonders for the bottom line. My opinion-$2.20 in 2004 and $2.90 in 2005. No analysts are on board yet, but a few major funds have a toe in the door.