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Gold/Mining/Energy : Swift Energy (SFY)
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To: PuddleGlum who wrote (1535)8/12/2001 12:53:30 AM
From: PuddleGlum  Read Replies (1) of 1602
 
I sold some shares recently and bought them back a tad lower than I sold them. After listening to the conference call I just couldn't keep myself from buying them back.

Now that production is beginning to increase I think we'll finally see a march back to the old highs. If you estimate cash flow for the next 12 months at around $6 per share then we're trading at under 5x cash flow, which is near the bottom of the typical industry range of 4-8x. I think that we'll suffer on the product pricing, but make up for it on increased production. So, we could see 60% improvement just by p/cf expansion.

My read of the charts says that oil services are a good place to be, and other energy plays should do fine as well.
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