Swift Energy (SFY) Message Board

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Gold/Mining/Energy : Swift Energy (SFY)

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To: Mark who wrote (764)	4/19/1999 10:40:00 PM
From: Ed Ajootian	Read Replies (2) of 1602

Mark, Thanks for the links. What about looking at the relationship of SFY's stock price to operating cash flow? IMO the single most important stat for an O&G company is cash flow from operations, not earnings. Wondering why Swift has such a low drilling budget for this year as compared to its cash flow and borrowing power. They are barely planning to spend their cash flow. Given the projected rise in commodity prices (the beginning of which we are already experiencing) it would seem that a more aggressive drilling budget would be in order. If I were Earl I would start planning to drill a whole bunch of Austin Chalk wells this summer. Figure they will come on line by the fall, when gas prices will really be going idiotic as forecasted. Immense volume today with little price change action. Looks like the institutions are trading this one amongst each other.

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