Swift Energy (SFY) Message Board

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Gold/Mining/Energy : Swift Energy (SFY)

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To: fp_scientist who wrote (1540)	8/31/2001 7:22:44 PM
From: PuddleGlum	Read Replies (1) of 1602

Our break down to 24 yesterday was bad news, and I'm surprised to see us down so much today when SFY's peer group was mixed to positive. This is now not a stock you want to be making up a large part of your portfolio. Too late to sell? I've thought that all too often and then had my head handed to me. Fundamentally we're in good shape, and the low gas prices may give SFY a chance to pick up some gas reserves at a good price. Oil prices are now poised to drop, I think, and this could take the sector further out of favor. I wish I didn't own so much of this stock, but I do, and I don't plan to sell because I think the historical cash flow figures have to put a bottom in for us. Anybody buying here will do so only on a fundamental basis, as the technicals are in the tank, other than being oversold. Downside? It's very hard to say right here, and I really can't even hazard a guess.

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