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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: excardog who wrote (1249)5/16/2001 2:00:48 PM
From: energyplay   of 206164
 
SFY - Swift - keeps moving here -

acts like the report in Barron's is real.

Current market cap is about 700-800 million, for a price of $33

Looks like in one field they found 100+ million bbls. Figure $16 a bbl. , then figure the present value of that
at about 10% interest when pumped over say 10 years - get around 800 million.
So the value of the company doubles.

They have another field with maybe 200+ million, but this is not yet drilled.

So it looks like the preception of value is changing , with the Barrons article as the catalyst.

The way the stock is acting, I would not be surprised to see larger & faster moves up .

I don't have a target , maybe $60 ?
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