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Gold/Mining/Energy : Swift Energy (SFY)

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To: Robert T. Quasius who wrote (1449)4/22/2001 6:24:01 PM
From: PuddleGlum   of 1602
 
Anybody need an extra annual report? I hold SFY in four different accounts, so I have a few reports to spare...

I checked into selling some more calls on SFY, but there's only a paltry premium on short term calls that are out of the money, unless you go past May, which puts us into the time frame when we could hear something about Kauri. I sold April calls on 5 positions, and kept the stock on all 5, but the market has turned (IMO), so any covered calls I write nowadays are going to be far out of the money.

I think I see why a lot of folks are skittish about companies like SFY right now. For those who aren't convinced that gas prices are going to be comfortably above current prices in December, they may expect a large write-down of assets due to end of year reconciliation.
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