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Gold/Mining/Energy : Swift Energy (SFY) -- Ignore unavailable to you. Want to Upgrade?

To: FloydP who wrote (818)	6/29/1999 2:53:00 PM
From: Mark	Respond to of 1602

Floyd - FWIW I've just written up my thoughts at - post.messages.yahoo.com It either reinforces the theory that SFY is just another poorly run US company that will happily convert debt into "virtual" earnings and on-going high salaries for it's "fat cat" management, OR it marks another shrewd expansion opportunity which will handsomely reward shareholders over the next few years with significant earnings growth! <BG> Mark

To: FloydP who wrote (818)	6/29/1999 3:06:00 PM
From: cherrypitter	Read Replies (2) \| Respond to of 1602

Swift seems to be, as has been said before, the R. Dangerfield of the E & P sector. It appears to be "burdened" by the fact it is one of the few to have made a profit in the 1st quarter. Cashflow should be strong with $2.30 gas so its likely the company may be going the acquisition route and/or wants to reduce some debt overhang. Stock has disappointed the last few days albeit on low volume. My question to the group is this: SFY seems to suffer from its exposure to the Austin Chalk. Are the criticisms that we hear re the early depletion of wells etc: valid or not? I feel earnings for the 2nd Q. will surprise to the upside with continued strong product prices. Anybody know when we can expect the report? Regards, Rich