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Gold/Mining/Energy : Swift Energy (SFY)

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To: anyer who wrote (1472)5/15/2001 7:43:40 PM
From: Robert T. Quasius  Read Replies (1) of 1602
 
Article from insiderscores.com:

insiderscores.com

Highly Predictive Director Buys at Swift Energy Co.

May 15, 2001

Director Harold Withrow purchased 5,819 SFY shares on April 5 at $30.34 to $30.43 per share.

The acquisition occurred while SFY shares were trading at approximately 30 percent below last October''s all-time high of $43.50. The addition was the first at the company in seven months. It was also the largest at Swift since August 1987, and is the second-largest there to date. Mr. Withrow has been the only Swift insider to purchase shares in the open market since February 2000. Subsequent to his recent acquisition, SFY shares have climbed slightly to their current price of $32.30.

In the six months following Mr. Withrow''s six prior additions, SFY shares gained an average of 37.34 percent. He has been perfectly successful at predicting a 6-month increase in the stock thus far.

Houston-based Swift Energy Co. is an independent oil and gas exploration and production company with interests in more than 1,500 producing wells in eight states. SFY has proved reserves of about 450 billion cu. ft. of natural gas equivalent.
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