Allenergy Inc. (ALRY)

[LDC]

Here's as thought....as you say, if Allenergy earns $1,300,000 net in 2007, with 65,000,000 shares outstanding, net earnings would be $.02 per share. At a P/E of 10, that justifies a shareprice of $.20, P/E of 20 $.40. As a growth company, a higher P/E is allowed in valuations, I think the share price could go higher than $.40. At the present price of $.08, shares of ALRY imo are way undervalued as to be absurd. They should plow some of their earnings into more leases, equipment, pay a bonus to employees, and do a little share buyback. In lieu of events taking place in Europe, watch the price of oil and gas to spike next week.