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

To: Mark who wrote (853)	8/1/1999 11:10:00 AM
From: Telemarker	Respond to of 1602

Mark, I agree that somehow one needs to account for the new assets (cash) being put into the entity. To ignore this would be fallacy. Would people be crying "dilution" if SFY had sold shares at $20.00? I view people's antipathy towards stock offerings as a sign of the times. The attitude now seems to be one of "borrow like there's no tomorrow, but please don't sell any of that precious stock, unless of course you are getting someone else's stock in return as we all know that cash is trash. Anyhow, borrowed money never has to be repaid, as this is the new era". As SFY simultaneously borrowed a barrel full of cash also, there may be something for everyone here. The share issuance may even help some of the balance sheet ratios. With few exceptions, I have always favored equity capital. More operating flexibility and no cash drain for debt service. Enjoy your posts. Thanks.