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Gold/Mining/Energy : Swift Energy (SFY)
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To: cherrypitter who wrote (820)6/29/1999 9:44:00 PM
From: Robert T. Quasius  Read Replies (1) of 1602
 
I think the shelf registration is just so that SFY management can move quickly to exploit opportunities, whether it is the acquisition route, or increasing reserves with the drill bit. Either way, SFY management has proven its ability time and time again.

I think SFY is indeed burdened by the Austin Chalk production, which is prolific for a time, but depletes relatively quickly. I think for this reason, it is logical to assign a lower cash flow multiple to SFY than other stocks. But come on guys, this stock price is ridiculous! This should be a $25 stock.
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