Swift Energy (SFY) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Swift Energy (SFY)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark who wrote (786)	4/29/1999 9:07:00 PM
From: Ed Ajootian	Read Replies (2) of 1602

Mark, Did not get the annual report yet --- only recently became a shareholder and maybe I missed the cutoff. I'll call the company for one. The trick to success in this E&P is to zig when everyone else is zagging. For them to wait until commodity prices come all the way back and then earn a quarter or two of cash flow at those prices, then knock themselves on the side of the head and say "geez, lets put this windfall right back into the ground -- lets increase the drilling" --- to me it will be too late then. Rig rates are $15K a day now --- they were as much as $40K a day a coupla years ago when commodity prices were stronger. To my way of thinking ya gotta stay ahead of the curve, if you have the wherewithal to do it. Swift does, with a huge amount of unused bank line. Enough ragging, the stock is rallying brilliantly. Think I'll just crawl back into my hole and enjoy the show and not ask so many questions!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next