Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns: -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (3141)	2/27/2014 8:49:44 AM
From: The Ox	Respond to of 8288

6:23 am Swift Energy reports EPS in-line, misses on revs; guides FY14 ( SFY) : Reports Q4 (Dec) earnings of $0.13 per share, in-line with the Capital IQ Consensus of $0.13; revenues fell 7.5% year/year to $146 mln vs the $148.06 mln consensus. This decrease is primarily attributable to lower oil production volumes, coupled with lower oil prices. Swift Energy's year-end 2013 estimate of proved reserves as of December 31, 2013 was 219.2 MMBoe, 14% higher than 2012 year-end proved reserves of 192.1 MMBoe. These year-end 2013 proved reserves are 38% crude oil and natural gas liquids and 29% proved developed. Swift Energy currently plans to balance its 2014 capital expenditures with its operating cash flow, available bank line and proceeds from announced asset sales and joint venture activity. Current 2014 spending plans are budgeted at $300 million to $350 million in total capital expenditures. This capital budget is flexible and will be adjusted based on the timing of announced transactions and marketplace fundamentals. For 2014, Swift Energy is targeting production levels of 11.3 -- 11.8 MMBoe vs. 11.75 MMBoe in 2013.