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Gold/Mining/Energy : Swift Energy (SFY)

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To: FloydP who wrote (1402)2/9/2001 12:11:11 AM
From: PuddleGlum  Read Replies (1) of 1602
 
Dead money is certainly better than less money.

According to the recent press release we had $6.03 per share in cash flow. The typical e&p p/cf range is 4 - 8 and we're just under 6 after a relatively lackluster production showing in 2000. If we believe the Raymond James report that e&p companies may sport higher p/cf ratios in the future AND we take into account SFY's production outlook for this year and beyond I'd say we have some fundamentally sound reasons to consider this stock a screaming buy without Kauri.

Now, did I say anything that Truth hasn't already repeated several times? Don't think so.
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