Swift Energy (SFY) Message Board

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Gold/Mining/Energy : Swift Energy (SFY)

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To: FloydP who wrote (818)	6/29/1999 3:06:00 PM
From: cherrypitter	Read Replies (2) of 1602

Swift seems to be, as has been said before, the R. Dangerfield of the E & P sector. It appears to be "burdened" by the fact it is one of the few to have made a profit in the 1st quarter. Cashflow should be strong with $2.30 gas so its likely the company may be going the acquisition route and/or wants to reduce some debt overhang. Stock has disappointed the last few days albeit on low volume. My question to the group is this: SFY seems to suffer from its exposure to the Austin Chalk. Are the criticisms that we hear re the early depletion of wells etc: valid or not? I feel earnings for the 2nd Q. will surprise to the upside with continued strong product prices. Anybody know when we can expect the report? Regards, Rich

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