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Gold/Mining/Energy : Swift Energy (SFY)

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To: Robert T. Quasius who wrote (771)4/20/1999 11:26:00 PM
From: Ed Ajootian  Read Replies (1) of 1602
 
Robert,

Agree with you wholeheartedly.

Finally took the plunge today and am now a proud part-owner of this company. First thing I wanna do is get named to the Board of Directors and then light a fire under Earl S' butt and get him to increase that drilling budget! <g>. Everything I see says nat. gas is at $3 in 6 -- 8 months and stays there the whole winter. Record low rig counts yet demand is increasing --- DUH!!!. All kinds of new gas-fired electric plants scheduled to come on line in the next year.

Rig rates are really low right now. In six months they'll probably be double what they are now.

IMO if you don't drill out the Chalk in an environment like this then when the hell do you drill it out?
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