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

To: FloydP who wrote (832)	7/14/1999 1:57:00 PM
From: Mark	Read Replies (1) \| Respond to of 1602

Floyd, I too have thought about lightening up, but I think we'll have a gradual rise in the stock price over the next few months, and want to participate in it! I think we'll see some good strength within the next two weeks, based on positive press. I also think it won't be too long before we see a significant upturn in NG pricing. If that is coupled with continuing strength in oil then we'll see some BIG stock gains. Did anyone notice that the 10-Q for Q2 was filed yesterday? That has to be a record, and shows just how much of a hurry the company is in. Encouraging. I want them to start converting some of those reserves into earnings this year! Not much juice in the 10-Q. They paid down less debt this quarter than Q1, but retained the increased cash-flow as working capital. (Probably sensible). Earl is going to step down from the CEO role (though will retain the Chairman's position). They want to appoint a new CEO by year's end. It sounds as if they are thinking of an outsider (they could easily have promoted Terry from COO and just announced as much). A thought occured to me. Do you think SFY are looking at a big acquisition or a merger? There is enough evidence to suggest this could be a possibility. (The fund raising; the haste of all this; the fact that the CEO position is now free; and SFY's acquisitional history). What is also interesting is that we seem to have had some quiet accumulation of the stock in the last few weeks on dips - especially late last week - almost like someone is in the know. Hum. Mark