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Gold/Mining/Energy : Swift Energy (SFY)

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To: PuddleGlum who wrote (52)8/19/1997 7:38:00 AM
From: Mark   of 1602
 
Steve, thanks for the useful information - is the Individual Investor
list available on-line anywhere ?

Swift's bottom line is extremely highly geared to the price of natural
gas. A few % increase in the market price could easily double their
profits. I am extremely comfortable with the underlying value
in this stock and as a long term investor will probably be adding to my
relatively small position in SFY over the next few weeks if more
buying opportunities present themselves around $20.

The strength in yesterday's market close was encouraging, but I am still
very twitchy about there being more correction to come. This is the only
reason I can see for the price of SFY to soften further - otherwise it
should be plain sailing from here on (!)
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