Swift Energy (SFY) Message Board

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Gold/Mining/Energy : Swift Energy (SFY)

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To: Rosemary who wrote (45)	8/11/1997 8:21:00 PM
From: john psomas	of 1602

Rosemary SFY gas prices declined sharply in 2nd Quarter to $2.20 after $2.60 they averaged for first 6 months and oil prices dropped to $17.08 from $18.64 for 6 month average. If oil and gas prices do not improve then next quarter earnings will be around .28-.30 per share and full year earnings $1.30 to $1.40. Thus PE is about 16 times revised earnings and that is why SFY shares are being sold. Production is growing but previous earnings estimates were based on much higher oil and gas prices thus we need higher prices to get the stock up on fundamentals. Regards John

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