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Gold/Mining/Energy : Swift Energy (SFY)

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To: Liatris Spicata who wrote (1330)	12/1/2000 11:16:08 AM
From: Liatris Spicata	Read Replies (3) of 1602

Good News/Bad News First the bad: from an article in today's WSJ by Paul Sherer and Jason Sapsford about the tightening credit situation: First the bad news: <<At Morgan Stanley Dean Witter & Co., corporate-bond strategist Steven A. Zamsky agrees it is "premature to say we are in the middle of a full-blown credit crunch" but adds that "that description would be a fair representation of what is already happening in parts of the market.">> Now the good (for SFY longs, anyway): <<A sharp line has been drawn between the corporate haves and have-nots. Companies that have strong credit ratings or are in sectors currently in favor can still get plenty of money. At oil-driller Swift Energy Co., Chief Financial Officer Alton Heckaman gets a constant stream of cold calls from bankers and investment bankers offering to arrange financing. "From a standpoint of credit, we've actually seen quite an improvement in our sector over the past nine to 12 months," he says.>>

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