Swift Energy (SFY) Message Board

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Gold/Mining/Energy : Swift Energy (SFY)

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To: Mark who wrote (792)	5/5/1999 5:10:00 PM
From: Mark	Read Replies (2) of 1602

Did anyone else notice the drop in NG output? NG output in Q3 and Q4 (98) rose from 8,077 to 8,131; in Q1 (just out) it fell to 7,224, i.e. a >11% drop. There are a couple of reasons that I can think of - either SFY didn't think it worth their while pumping (NG prices were at $1.82), OR they would've liked to have pumped, but couldn't........ Furthermore, does anyone know what sort of hedging commitments SFY may have? I've just got EVER's Annual Report, and they've made commitments up until the end of September (at low pricing levels!). We're all assuming that SFY stand to benefit very quickly from the upturn in prices, but I'd sure like to know WHEN they'll be able to realise them. Is there a conference call? Mark

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